The growth of pension assets of Kazakhstanis over 10 months exceeded 3.7 trillion tenge
Pension assets of Kazakhstanis as of November 1, 2024 amounted to KZT21.6 trillion. Growth over 10 months of the current year exceeded KZT3.7 trillion (amounted to 20.8%). Over the year, pension assets increased by about KZT4.4 trillion (or by 25.3%).
As of November 1, 2024, pension savings due to compulsory pension contributions (CPC) amounted to more than KZT20.7 trillion (annual growth - 24.5%, since the beginning of the year - 19.9%). The amount of pension savings under COPC was formed in the amount of about KZT633.8 billion, showing an increase of 15.3% over the year, and 11.5% since the beginning of the current year. The largest increase (47.3% for the year, 39.2% since the beginning of the year) was shown by savings on voluntary pension contributions (VPC), the volume of which amounted to more than KZT7.3 billion.
From January 1, 2024, additional funds – employer’s compulsory pension contributions (ECPC) – will be credited to the pension accounts of contributors (beneficiaries). Over the 10 months of 2024, the amount of pension savings due to ECPC amounted to more than KZT194.9 billion.