The Unified Accumulative Pension Fund continues to take stock of 2019.
Last year, the funded pension system of Kazakhstan turned 21 years old. And now you can summarize the intermediate results. So, the average amount of pension savings of depositors who have been making regular contributions to the fund since 1998, as of January 1, 2020 amounted to 5.8 million tenge for men and 4.4 million tenge for women. This figure is derived from the accounts of all investors.
At the same time, according to the results of 2019, the average amount of pension accumulations in the accounts of depositors at the expense of compulsory pension contributions, regardless of the number of years of participation in the accumulative pension system, is 1.1 million tenge (growth compared to 2018 was 11%), according to the mandatory professional pension contributions - 500.2 thousand tenge (an increase of 17%) and 48.6 thousand tenge for voluntary pension contributions. If we consider the average savings of citizens due to OPV by sex, then it looks like this: for men - 1.2 million tenge (an increase from the beginning of the year by 10%) and for women - 942.2 thousand tenge (an increase from the beginning of the year 12%). However, these are average figures deduced from the accounts of all depositors - those who have just started working and began to transfer contributions to the UAPF, and those who have been making contributions for twenty years.
The number of active investors in 2019 at the UAPF was about 6.6 million. Note that the average frequency of contributions in 2019 at the UAPF is 8.13 times.
UAPF was established on August 22, 2013 on the basis of JSC NPF GNPF. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions to develop proposals to improve the management of pension assets have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional 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 (for more information visit www.enpf.kz )