In 2024, the main indicators of the "Uzbekistan Pension Fund" JSC (Uzbekistan Pension Fund, Fund) showed positive results in all areas.

The volume of pension savings accumulated from contributions and investment income received by our compatriots into their accounts reached approximately 22.80 trillion tenge as of 01.01.2025. During the year, it increased by 4.93 trillion tenge, or 27.6%.

Pension savings formed at the expense of mandatory pension contributions (MPC) amounted to approximately 21.88 trillion tenge as of January 1, 2025, an increase of 26.5% over the year. 

The amount of pension savings under mandatory occupational pension contributions (MCPC) amounted to approximately 653.77 billion tenge, an increase of 15% over the year.

The largest increase in the year (50.3%) was demonstrated by savings under voluntary pension contributions (VPC), which reached approximately 7.94 billion tenge at the end of 2024.

2024 During the year, additional funds - mandatory employer pension contributions (MPCs) - were deposited into the pension accounts of contributors (beneficiaries).  In 2024, the amount of pension savings from MPCs exceeded 258.15 billion tenge.

Incomes

The volume of pension savings will increase due to income flows in the form of pension contributions and investment income. At the same time, the amount of pension contributions received by contributors to personal and conditional accounts during the reporting year amounted to about 2.79 trillion tenge. This is 29% more than in 2023. All types of contributions are positive: over 2.44 trillion tenge was deposited into individual pension accounts (IPAs) with MZPs recorded during the year (the volume of MZPs increased by 18.3% compared to 2023), 113.6 billion tenge was deposited into individual pension accounts with MZPs recorded (an increase of 18.9%), and the annual contribution to the EZP was 3.07 billion tenge (an increase of 32.50%).  The volume of IPAs  is approximately 231.24 billion tenge.

The estimated investment income for 2024 was 3.4 trillion tenge. Its volume increased by about 1.8 trillion tenge or 114.5% compared to the previous year.

Payments and transfers

In 2024, the outflows from the Pension Fund in the form of payments for all types of contributions and transfers to insurance organizations amounted to 1.32 trillion tenge. This is 2.24 times (or about 732.56 billion tenge) more than the volume of payments last year.

The bulk of the payments fell on one-time pension payments (BZT) for improving housing conditions and treatment - about 609.89 billion tenge. The volume of payments for alternative purposes increased by more than 2 times compared to 2023. 

Payments in connection with reaching retirement age increased by 35.64% during the year, reaching approximately 204.22 billion tenge. The average monthly payment from the Pension Fund in connection with reaching retirement age was 33,906 tenge, and the maximum monthly payment was 945,752 tenge. 

Last year, inheritance payments were also made in the amount of 61.6 billion tenge, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - 40.57 billion tenge, payments to people with disabilities - 3.07 billion tenge, and funeral payments - approximately 9.96 billion tenge. More than 394.54 billion tenge was transferred to insurance organizations.

Number of pension accounts

As of January 1, 2025, the total number of pension accounts in the UAPF was 17.18 million. units (annual growth - more than 4.85 million units or 39.4%). At the same time, the number of contributors' (beneficiaries') pension accounts in the UAPF exceeded 12.50 million units as of January 1, 2025. Of which: more than 11.15 million  - according to the MZZ, about 715.52 thousand - according to the MCZZ, 439.58 thousand - accounts for which the EZZ is calculated.