As of May 1, 2022, pension accumulations in the amount of about 13 trillion tenge were formed on the accounts of the Unified Accumulative Pension Fund contributors. For the year, from 01/05/2021 to 01/05/2022, the amount increased by 356.9 billion tenge or 2.8%. The increase in pension accumulations was formed taking into account incoming flows in the form of contributions and investment income, as well as outgoing flows in the form of pension benefits, including lump sum benefits for housing and medical treatment.

The vast majority of pension accumulations was formed by the inflow of compulsary pension contributions (CPC) and amounted to 12.6 trillion tenge (an increase over the past 12 months was 2.4%). The amount of pension accumulations on compulsory occupational pension contributions (COPC) amounted to 377.4 billion tenge (an increase of 18.2%), the amount of pension accumulations on voluntary pension contributions (VPC) amounted to about 1.8 billion tenge.

It should be noted that incoming flows, in particular, contributions have increased this year. For four months of 2022, pension contributions in the total amount of about 523.5 billion tenge were received on the accounts of contributors, which exceeded the figure for the same period in 2021 by 27% or 110.7 billion tenge. It should be noted that the growth occurred in all types of contributions. Of the total contributions, 95.1% are receipts to the UAPF from CPC - 497.7 billion tenge (an increase of 26% over the past 12 months), 25.4 billion tenge from COPC (an increase of 37%), 400 million tenge (an increase of 85 %) was listed under VPC.

In addition to the contributions, the growth of pension accumulations was ensured by the increase in net investment income, which from January 1 to May 1, 2022 amounted to 128.7 billion tenge.

The number of individual pension accounts in the UAPF as of May 1, 2022 amounted to 11.7 million units. The largest number of accounts opened for compulsary pension contributions (CPC) - 10,870,075 units. The number of accounts for COPC increased over the year by 8.4% and amounted to 565,802 units. The largest increase is observed in the number of individual accounts for VPC - their number increased by 60% and reached 72,555 units.

Since the beginning of the year, the UAPF has paid 921.4 billion tenge. Most of the pension benefits were lump-sum pension benefits for the improvement of housing conditions and medical treatment - 831.7 billion tenge. Age pension benefits amounted to 37.0 billion tenge, inheritance pension benefits - 23.4 billion tenge, pension benefits in connection with leaving for permanent residence outside the Republic of Kazakhstan - 16.9 billion tenge, about 9.7 billion tenge were transferred to insurance organizations, pension benefits for burial - 1.9 billion tenge and disability pension benefits - 0.8 billion tenge.

It should be noted that the amount of the average monthly pension benefit according to the schedule from the UAPF (in connection with reaching the retirement age) amounted to 29,360 tenge, and the maximum amount of the monthly payment was 707,326 tenge.

The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. 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. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)