Key indicators of UAPF as of March 1, 2023
As of March 1, 2023, pension savings in the amount of KZT15.13 trillion were formed on individual accounts of contributors (beneficiaries) of the Unified Accumulative Pension Fund. Since the beginning of the year, their growth as of March 1, 2023 amounted to KZT466.2 billion (3.2%). Compared to the same date last year, the volume of pension savings increased by KZT1.54 trillion (or 11.4%).
Such an increase was formed taking into account incoming flows in the form of contributions and investment income, as well as outgoing - in the form of pension benefits, including according to the schedule and lump sums - for housing and medical treatment, for the purposes of inheritance, burial, departure for permanent residence, etc.
97% of the savings of Kazakhstanis formed at the expense of compulsory pension contributions (CPC). As of 01.03.2023, the volume of CPC amounted to KZT14.7 trillion (an increase over the year - 11.1%, since the beginning of the year - 3.1%). The amount of pension savings on compulsory occupational pension contributions (OPPC) amounted to KZT466.4 billion, having increased by 21% since March 1 last year, and by 4.7% since the beginning of the year. The largest increase (more than 2 times per year) was demonstrated by the accumulation of voluntary pension contributions (VPC), which amounted to KZT3.8 billion.
For 2 months of this year, the accounts of contributors (beneficiaries) received pension contributions in the amount of KZT319.6 billion, which is 30% or almost KZT74 billion more than last year. It should be noted that the growth occurred in all types of contributions: for CPC - 30%, COPC - 25%, VPC - 70%.
About KZT204.5 billion was transferred to the accounts of contributors (beneficiaries) in the form of net investment income, which contributed to the growth of their pension savings. The share of accumulated net income in the structure of pension savings, taking into account the benefit payments made, as of March 1, 2023, amounted to 36.2%.
The number of individual pension saving accounts in the UAPF as of March 1, 2023 amounted to 12.13 million units, including about 11 million for CPC, 603.7 thousand for COPC, and 364.8 thousand for VPC.
Since the beginning of the year, UAPF has paid about KZT65.15 billion. As of March 01, 2023, payments by age increased by almost 46% compared to the same period last year and amounted to more than KZT24 billion. It should be noted that the size of the average monthly pension benefit according to the schedule from the UAPF (in connection with reaching the retirement age) amounted to KZT32,065, and the maximum amount of the monthly pension benefit - KZT742,692. Recall that for the same period last year, the average monthly pension benefit amounted to KZT29,302, and the maximum monthly pension benefit - KZT707,326.
A significant part of the payments were lump-sum pension pension benefits (LPB) for the improvement of housing conditions and medical treatment - KZT22.5 billion - more than 12 times less than in the same period last year. Also, since the beginning of the year, inheritance benefits have been made KZT8.1 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT6 billion, disability pension benefits - KZT473.3 million, burial payments - KZT913.7 million. About KZT3.1 billion was transferred to insurance organizations.
All relevant information on statistical data on pension assets, including in the context of the regions of the republic, is available on the enpf.kz website in the "Indicators" section.