The accumulated investment return from the foundation of the funded pension system in 1998 until February 1, 2025, with a cumulative total, amounted to 966.41% with inflation for the entire period of 837.99%.
It should be noted that pension savings are long-term investments, and it is advisable to analyze the amount of investment income for a period of at least one year. Short-term (weekly, monthly, etc.) data are not indicative, since they depend on constant changes in the market situation. An analysis of investment activity based on the results of 12 months confirms this fact: as of February 1, 2025, the return on pension assets managed by the National Bank of the Republic of Kazakhstan (NBRK) and formed through compulsory, compulsory occupational and voluntary pension contributions, over the past 12 months, distributed to the accounts of contributors (beneficiaries), amounted to 15.66% with inflation of 8.90%.