Pension assets of Kazakhstanis exceeded KZT21 trillion
As of October 1, 2024, pension assets of Kazakhstanis in pension accounts in the UAPF amounted to about KZT21.2 trillion, demonstrating growth over 9 months of almost more than KZT3.3 trillion (or 18.5%). Over the year, pension assets grew by KZT4 trillion (or 23%).
Pension savings formed through compulsory pension contributions (CPC) amounted to about KZT20.4 trillion as of October 1, 2024, having increased by 22.2% over the year. The amount of pension savings due to compulsory occupational pension contributions (COPC) is more than KZT628.6 billion (growth over the year - 14.4%). The largest increase over the year (44.8%) was shown by savings on voluntary pension contributions (VPC), which amounted to more than KZT7.1 billion.
Since January 1, 2024, additional funds have been credited to the pension accounts of contributors (beneficiaries) – employer’s compulsory pension contributions (ECPC). For 9 months of 2024, the amount of pension savings due to MPC amounted to about KZT170 billion.