Overview of the key indicators of the UAPF as of February 1, 2023: all types of pension contributions demonstrate growth
The volume of pension savings of Kazakhstanis as of February 1, 2023 amounted to 14.9 trillion tenge. Since the same date last year, it has increased by almost 1.8 trillion tenge or 13.4%.
Pension savings due to mandatory pension contributions (OPV) have increased by 13.1% over the past 12 months and amounted to 14.4 trillion tenge as of February 1, 2023.
The amount of pension savings on mandatory professional pension contributions (OPP) amounted to about 455.5 billion tenge, having increased by 23.9% over the past 12 months.
The maximum increase of more than 112% was demonstrated by savings due to voluntary pension contributions, which amounted to about 3.7 billion tenge as of February 01, 2023.
The average amount of savings due to OPV for 1 IPS amounted to 1,314.5 thousand tenge, which is 12.1% more than this indicator last year. At the same time, the calculation takes into account the individual pension accounts of all depositors: those who have just entered the accumulative pension system, and those who have been making contributions for 25 years. The regularity and the amount of contributions, which depend on the income of the depositor, have a great influence on the amount of savings.
It should be noted that the highest indicators in terms of the amount of savings of citizens at the expense of OPV, calculated on average for 1 individual pension account, as of 01.02.2023 demonstrate:
Ulytau region – more than 1.9 million tenge; Atyrau region – about 1.9 million tenge, Astana – about 1.7 million tenge, Mangystau region – also about 1.7 million tenge, Almaty – 1.6 million tenge.
These data almost exactly correspond to the data of the Bureau of National Statistics on the results of last year, where the highest per capita nominal monetary incomes were recorded in the same regions: Atyrau, Ulytau, Mangistau regions, Almaty, Astana. Thus, the average amount of mandatory pension contributions per 1 IPS by region reflects the current income situation of the population in a particular region.
The increase in savings is formed due to incoming flows in the form of pension contributions and investment income. At the same time, pension contributions for January 2023 amounted to 156 billion tenge, which is 36% more than the same period last year: the growth was demonstrated by OPV (147 billion tenge was received by IPS, an increase compared to the same period last year - by 37%), OPV (9 billion tenge, an increase of 19%), DPV (167 million tenge, an increase of 133%).
The volume of accrued investment income for January 2023 exceeded the indicator of the same period by 449% and amounted to 66.4 billion tenge.
Outgoing flows in the form of payments from the UAPF since the beginning of the year amounted to about 33.1 billion tenge. Most of this amount is made up of payments in connection with reaching retirement age – about 12.1 billion tenge.
One–time pension payments (EPO) for improving housing conditions and treatment - 11.1 billion tenge. Compared to last year, this indicator has decreased by almost 9 times.
Inheritance payments were also made - 4 billion tenge, payments in connection with permanent residence outside the Republic of Kazakhstan – 3.3 billion tenge, disability payments – 246.7 million tenge, burial payments – 488.8 million tenge. About 1.9 billion tenge has been transferred to insurance organizations.
It is worth noting that the amount of the average monthly payment according to the schedule from the UAPF (due to reaching retirement age) it amounted to 32,040 tenge, and the maximum amount of monthly payment was 742,692 tenge.
The number of individual pension accounts in the UAPF as of February 1, 2023 amounted to 12.1 million units, of which: 10.96 million - for mandatory pension contributions. As of February 1, 2023, the number of accounts under the CPI amounted to 598,088 units, 361,552 IPS were opened on the account of the DPV.
All up-to-date information on statistical data on pension assets, including by regions of the republic, is available on the enpf website.kz in the "Indicators" section.
UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz ).