As of December 1, 2024, pension assets in pension accounts of citizens in the Pension Fund reached 22.13 trillion tenge (an increase of 4.25 trillion tenge or 23.8% in 11 months). Over the year, pension savings increased by 4.75 trillion tenge (or 27.4%).

96.07% of the savings of Kazakhstanis were formed at the expense of the Pension Fund, the volume of which as of 01.12.2024 was approximately 21.24 trillion tenge (an increase of 26.4% in one year, and 22.8% since the beginning of the year). Pension savings at the expense of mandatory occupational pension contributions (MCPC) reached 642.76 billion tenge, < In 11 months of 2024, pension savings from the Pension Fund exceeded 218.79 billion tenge.

Income flows

The volume of pension savings will increase due to income flows in the form of pension contributions and investment income. In 11 months of 2024, pension contributions received by depositors into personal and conditional accounts  exceeded 2.49 trillion tenge (an increase of 29.4% or 567.35 billion tenge compared to the previous year).

All types of contributions showed a positive character: from the beginning of the year to 01.12.2024, 2.18 trillion tenge (which is 18.7% more than the same period last year) was received into individual pension accounts (IPAs) with MZP, more than 104.3 billion tenge (an increase of 20.6%) was collected into individual pension accounts with MZP, and 2.8 billion tenge (an increase of 35.3%) was collected into the IPA.  The volume of IPAs  is 204.12 billion tenge.

The net investment income credited to individual and conditional pension accounts of UAPF contributors since the beginning of the year to 01.12.2024 amounted to  2.78 trillion tenge. Its volume increased by 1.53 trillion tenge (or 123%) compared to the previous year.

Payments and transfers

In 11 months of 2024, outflows from the UAF in the form of payments made on all types of contributions and transfers to insurance organizations amounted to 1.13 trillion tenge. This is 2 times more than the amount of payments in the corresponding period last year.

497.98 billion tenge - constituted one-time pension payments (BZT) for improving housing conditions and treatment.

Payments in connection with reaching retirement age amounted to approximately 185.42 billion tenge, which is 32.8% higher than last year.

Also, during this period, inheritance payments were made in the amount of 55.35 billion tenge, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - 37.49 billion tenge, payments to people with disabilities - approximately 2.77 billion tenge, and funeral payments - 9.18 billion tenge. More than 339.66 billion tenge was transferred to insurance organizations.

The average monthly payment from the UAPF upon reaching retirement age was 33,826 tenge, and the maximum monthly payment was 945,752 tenge. 

Number of pension accounts

As of December 1, 2024, the total number of pension accounts in the UAPF was 17.07 million units (year-to-date growth of 4.74 million units or 38.5%, annual growth of 38.7%). At the same time, the number of PPAs of contributors (beneficiaries) in the UAPF as of December 1, 2024 exceeded 12.48 million units. Of which: 11.14 million - under the MZZ, 711.35 thousand - under the MKZZ, 436.47 thousand - accounts for which the EZZ is calculated.

And the number of conditional pension accounts in the UAPF, in which information on the MZZ received in accordance with the legislation of the Republic of Kazakhstan is taken into account -  Exceeded 4.58 million units. 

All current information regarding pension assets, including information by regions of the republic, is posted on the enpf.kz website in the «Indicators» section.

The UAPF was established on August 22, 2013 on the basis of the "GNPF" APF" JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan through the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The National Bank of the Republic of Kazakhstan carries out the trust management of the UAPF pension assets. In accordance with the pension legislation, the UAPF collects mandatory pension contributions, mandatory employer pension contributions, mandatory professional pension contributions, voluntary pension contributions, as well as voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation on the guaranteed deposit transferred by the organization carrying out mandatory deposit guarantee in accordance with the Law of the Republic of Kazakhstan "On mandatory deposit guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", takes into account and accounts for it, and ensures the implementation of pension payments. The Fund also carries out accounting of target assets and target claims, accounting and accrual of target savings (NS) to target savings accounts, crediting NS payments to their recipient's bank accounts, and accounting for NS returns in accordance with the procedure determined by the Government of the Republic of Kazakhstan within the framework of the "National Fund for Children" program (more details on the website www.enpf.kz).

Source : https://www.gov.kz/memleket/entities/abay/press/news/details/912943