As of February 1, 2023, the volume of pension savings of Kazakhstanis amounted to 14.9 trillion tenge. Since the same period last year, it has increased by about 1.8 trillion tenge or 13.4%.
Pension savings due to mandatory pension contributions (OPS) have grown by 13.1% over the past 12 months and reached 14.4 trillion tenge on February 1, 2023.
Over the past 12 months, the amount of pension savings on mandatory professional pension contributions (MCPS) has increased by 23.9% and amounted to about 455.5 billion tenge.
The increase of more than 112% was reflected in the funds accumulated by voluntary pension contributions (VPC) and amounted to about 3.7 billion tenge on February 01, 2023.
The average amount of savings at the expense of OPF in 1 IPF is equal to 1,314.5 thousand tenge. This is 12.1% more than last year. The calculation takes into account the individual pension accounts of all depositors, that is, those who have just entered the accumulative pension system, as well as depositors who have been transferring contributions for 25 years. The amount of savings is greatly influenced by the regularity and amount of contributions, which depend on the income of the Depositor.
As of 01.02.2023, on average, the maximum indicators for the amount of savings accrued to one individual pension account at the expense of the OPV of citizens are as follows:
Ulytau region – more than 1.9 million tenge; Atyrau region – about 1.9 million tenge, Astana – about 1.7 million tenge, Mangistau region – about 1.7 million tenge, Almaty-1.6 million tenge.
These data correspond exactly to the data of the Bureau of National Statistics at the end of last year. The highest nominal monetary income per capita is registered in Atyrau, Ulytau, Mangistau regions, Almaty, Astana. Thus, the average amount of mandatory pension contributions per IPS by region reflects the current state of income of the population in these regions.
The growth of savings was formed due to income flows in the form of pension contributions and investment income. At the same time, pension contributions transferred in January 2023 amounted to 156 billion tenge. This is 36% more than in the same period last year: the growth was shown by OPF (IPS received 147 billion tenge, an increase of 37% compared to the same period last year), OPF (9 billion tenge, an increase of 19%), VPC (167 million tenge, an increase of 133%).
The volume of investment income calculated in January 2023 exceeded the indicator of the previous corresponding period by 449% and reached 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 falls on payments related to reaching retirement age – about 12.1 billion tenge.
One – time pension payments for improving housing conditions and treatment (ESP) - 11.1 billion tenge. Compared to last year, this figure decreased by almost 9 times.
Also, inheritance payments were made – 4 billion tenge, payments related to departure for permanent residence outside the Republic of Kazakhstan – 3.3 billion tenge, disability payments – 246.7 million tenge, funeral payments-488.8 million tenge. About 1.9 billion tenge was transferred to insurance organizations.
It should be noted that the average monthly payment from the UAPF according to the schedule (depending on retirement age) was 32,040 tenge, and the maximum monthly payment was 742,692 tenge.
As of February 1, 2023, the number of individual pension accounts in the UAPF is equal to 12.1 million units. Including: for mandatory pension contributions-10.96 million. the number of accounts for units, GPPP is 598,088 units, and for VPC 361,552 IPs are opened.
All up-to-date information on statistical data on pension assets, including by region of the Republic enpf.kz posted in the" indicators " section on the website.
The 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 through the state institution "state property and privatization committee" of the Ministry of Finance of the Republic of Kazakhstan. 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 National Fund Management Council, headed by the president of the Republic of Kazakhstan, has been responsible for developing proposals to improve the efficiency of pension asset management. In accordance with the pension legislation, the UAPF carries out the attraction of mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, individual accounting of pension payments, pension savings and payments, provides information to the Depositor (recipient) about the state of pension savings (read more www.enpf.kz on the website).