The growth of pension savings of Kazakhstanis over 12 months amounted to KZT4.60 trillion

The growth of pension savings of Kazakhstanis over 12 months amounted to KZT4.60 trillion

02.09.2025 11:01:01 287

As of August 1, 2025, pension savings of Kazakhstanis exceeded KZT24.84 trln, showing growth over 12 months of KZT4.60 trln or 22.7%.

Pension savings formed through compulsory pension contributions (CPC) amounted to KZT23.62 trln as of August 1, 2025, having increased by 21.1% over 12 months. The amount of pension savings through compulsory occupational pension contributions (COPC) is KZT704.72 bln (growth over 12 months is 14.0%). The maximum increase over the past 12 months (36.0%) was shown by savings on voluntary pension contributions (VPC), amounting to KZT9.06 bln.

As of 01.08.2025, the amount of pension savings from employer’s compulsory pension contributions (ECPC), received from January 1, 2024 to the pension accounts of contributors (beneficiaries), amounted to KZT506.66 bln.

Receipts

The increase in savings is provided by pension contributions and investment income.

Pension contributions to contributors' accounts for 7 months of 2025 amounted to KZT1.84 trln (an increase of 18.4% or KZT286.31 bln compared to the previous year's figure).

Individual pension savings accounts (IPSA) for CPC accounting since the beginning of the year as of 01.08.2025 received KZT 1,508.32 bln (compared to the same period last year, the CPC volume increased by 10.5%), COPC - KZT 78.97 bln (an increase of 19.6%), VPC - KZT 1.51 bln. Contributions from ECPC for 7 months of 2025 amounted to KZT 249.38 bln.

Benefit payments and transfers

Payments for all types of contributions and transfers to insurance organizations from the UAPF for 7 months of 2025 amounted to KZT965.18 bln, which exceeds the volume of payments of last year by 58.6% or KZT356.54 bln.

The majority of payments are lump sum pension benefit payments (LSPBP) for improving housing conditions and pay for medical treatment – KZT 563.03 bln.

Age-related benefit payments as of 01.08.2025 increased by 21.8% over 12 months and amounted to KZT 139.52 bln. It should be noted that the amount of the average monthly payment according to the schedule from the UAPF in connection with reaching retirement age was 35,683 tenge.

From the beginning of the year to 01.08.2025, inheritance payments were also made - KZT41.32 bln, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT23.77 bln, payments to persons with disabilities – KZT 1.85 bln, funeral payments - KZT6.33 bln. An amount of KZT189.36 bln was transferred to insurance organizations.

Number of IPSA

The total number of pension accounts in the UAPF as of August 1, 2025 was 17.77 million units (growth over 12 months - 1.31 million units or 8.0%). At the same time, the number of IPSA contributors (beneficiaries) in the UAPF as of August 1, 2025 was 12.60 million units, of which: 11.21 million - by CPC, 743.15 thousand - by COPC, 456.44 thousand - by VPC.

The number of notional pension accounts in the UAPF, which take into account information on received ECPC in accordance with the legislation of the Republic of Kazakhstan, was 5.17 million units.

All up-to-date information on statistical data on pension assets is posted on the enpf.kz website 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-semey/press/news/details/1060204?lang=kk