Pension savings grew by almost 20% over the past 12 months

Pension savings grew by almost 20% over the past 12 months

28.11.2025 09:20:27 351

As of November 1, 2025, Kazakhstani pension savings totaled 25.84 trillion tenge, an increase of 4.27 trillion tenge, or 19.8%, over the past 12 months.

Savings from compulsory pension contributions (CPC) totaled 24.46 trillion tenge as of November 1, 2025, an 18.0% increase year-on-year. Pension savings from compulsory occupational pension contributions (COPC) reached 727.11 billion tenge, an increase of 14.7% year-on-year. Voluntary pension contributions (VPC) demonstrated the largest increase over the past 12 months: their amount increased by 30.0% to 9.56 billion tenge.

As of November 1, 2025, the amount of pension savings from employer’s compulsory pension contributions (ECPC), received from 1 January 2024 into the pension accounts of contributors (beneficiaries), amounted to 642.07 billion tenge.

 

Incomes

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

Pension contributions to contributors' accounts for the first 10 months of 2025 totaled 2.64 trillion tenge (an increase of 17.2%, or 385.86 billion tenge, compared to the same period last year).

Individual pension savings accounts (IPSAs) using the CPC system have received 2,157.36 billion tenge since the beginning of the year as of November 1, 2025 (a 9.5% increase compared to the same period last year), COPC accounts have received 111.11 billion tenge (an increase of 17.6%), and VPC accounts have received 1.96 billion tenge. Contributions from the ECPC system for the first 10 months of 2025 totaled 365.22 billion tenge.

 

Pension benefits and transfers

Payments for all types of contributions and transfers to insurance organizations from the UAPF for the first 10 months of 2025 totaled 1,539.97 billion tenge, exceeding the previous year's payment volume by almost 1.6 times, or 550.06 billion tenge.

Old-age benefit payments as of November 1, 2025, increased by 18.5% over the 12 months to 203.37 billion tenge. The average scheduled monthly payment from the UAPF upon reaching retirement age was 35,728 tenge.

From the beginning of the year through November 1, 2025, lump sum pension benefit payments (LSPBPs) totaling 919.55 billion tenge were made for housing improvements and medical treatment, inheritance payments totaling 54.14 billion tenge, payments related to permanent residence outside the Republic of Kazakhstan totaling 36.57 billion tenge, payments to persons with disabilities totaling 2.60 billion tenge, and funeral payments totaling 8.87 billion tenge. A total of 314.87 billion tenge was transferred to insurance companies.

 

Number of pension savings accounts

The total number of pension savings accounts in the UAPF as of November 1, 2025, was 18.06 million (an increase of 1.13 million or 6.7% over the 12 months). The number of IPSAs of contributors (beneficiaries) in the UAPF as of November 1, 2025, was 12.68 million, including 11.27 million under CPC, 756,180 under COPC, and 462,230 under VPC. It should be noted that, in accordance with international practice, an IPSA is considered active if a contribution has been received into it at least once during the year. Over the first 10 months of 2025, CPCs were received on 7.03 million IPSAs, representing 57.5% of the 12.23 million IPSAs to which these contributions could have been made. This figure includes accounts opened before January 1, 2025, as well as new accounts opened during the reporting period. This figure excludes accounts of recipients who relocated abroad but did not claim their savings, deceased contributors whose heirs did not formalize the inheritance of their pension savings, military personnel transferred to full state pension provision since 2017, and other categories of contributors (beneficiaries) whose accounts should not receive contributions under Kazakhstani law.

 

The number of notional pension accounts in the UAPF, which record information on received CPCs in accordance with the legislation of the Republic of Kazakhstan, amounted to 5.39 million.

All current information on pension asset statistics is available on the enpf.kz website in the "Statistics and Analytics" section.

Source : https://www.gov.kz/memleket/entities/akimat-beyneu/press/news/details/1124527?lang=kk