ANNOUNCEMENT

Pension savings of Kazakhstanis reached KZT22.75 trillion

The volume of pension savings of Kazakhstanis as of 01.04.2025, consisting of contributions received into their accounts and investment income, amounted to KZT22.75 trillion, demonstrating growth over the year by KZT3.86 trillion or 20.5%.

Pension savings due to compulsory pension contributions (CPC) amounted to KZT21.76 trillion as of April 1, 2025, demonstrating growth over 12 months by 19.3%.

The amount of pension savings for compulsory occupational pension contributions (COPC) amounted to KZT653.83 billion, demonstrating growth over 12 months by 9%.

The largest increase over the year (39.5%) was shown by savings for voluntary pension contributions (VPC), which as of April 01, 2025 amounted to KZT8.19 billion.

As of April 01, 2025, the amount of pension savings due to employer’s compulsory pension contributions (ECPC), received from January 1, 2024 to the pension accounts of contributors (beneficiaries), amounted to KZT329.12 billion

Receipts

The increase in savings is provided by incoming flows in the form of pension contributions and investment income. At the same time, funds in the amount of KZT762.22 billion were received in the form of contributions to individual and notional accounts of contributors for 3 months of 2025 (an increase of 22.2% or KZT138.62 billion compared to the previous year's figure).

Since the beginning of the year as of 01.04.2025, 630.91 billion tenge were received to individual pension savings accounts (IPSA) for CPC accounting (compared to the same period last year, the CPC volume increased by 13.3%), COPC - KZT35.31 billion (an increase of 22.4%), VPC - KZT809 million (an increase of 14.8%). Contributions due to ECPC for the first 3 months of 2025 amounted to KZT95.18 billion.

Pension benefits and transfers

Pension benefit payments for all types of contributions and transfers to insurance organizations from the UAPF for 3 months of 2025 amounted to KZT371.44 billion, which exceeds the volume of payments last year by 92.5% or KZT178.47 billion.

Most of the payments are lump sum pension benefit payments (LSPBP) for improving housing conditions and medical treatment - KZT219.10 billion.

Age-related payments as of 01.04.2025 increased by 23.10% over 12 months and amounted to KZT56.40 billion. It is worth noting that the average monthly payment according to the schedule from the UAPF in connection with reaching retirement age was 35,638 tenge.

From the beginning of the year to 01.04.2025, inheritance payments were also made - KZT16.63 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT8.46 billion, benefit payments to persons with disabilities - KZT801.25 million tenge, funeral payments - KZT2.63 billion. An amount of KZT67.43 billion was transferred to insurance organizations.

IPSA number

The total number of pension accounts in the UAPF as of April 1, 2025 was 17.44 million units (growth over 12 months - 1.66 million units or 10.5%). At the same time, the number of IPSA contributors (beneficiaries) in the UAPF as of April 1, 2025 was 12.54 million units, of which: 11.17 million - for CPC, 729.35 thousand - for COPC, 446.65 thousand - for VPC.

The number of notional pension accounts in the UAPF, which record information on received ECPC in accordance with the legislation of the Republic of Kazakhstan, was 4.91 million units.

All current information on statistical data on pension assets is posted on the website enpf.kz in the “Statistics and analytics” section.

UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF 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. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).

Source : https://www.gov.kz/memleket/entities/abay-makanshy/press/news/details/990106?lang=kk