Pension savings of Kazakhstanis exceeded 25.11 trillion KZT
Pension savings of Kazakhstanis exceeded 25.11 trillion KZT
The volume of pension savings of Kazakhstanis as of 01.09.2025 exceeded 25.11 trillion KZT, showing an increase of 4.22 trillion KZT or 20.2% over the year.
Pension savings due to mandatory pension contributions (MPC) as of September 1, 2025 reached 23.84 trillion KZT, an increase of 18.6% in 12 months.
The amount of pension savings at the expense of mandatory professional pension contributions (MPPC) amounted to 710.63 billion KZT, showing an increase of 13.3% over 12 months.
The maximum annual increase was demonstrated by savings on voluntary pension contributions (VPC) – by 31.00%, as of 01.09.2025, their volume amounted to 9.21 billion KZT.
As of September 1, 2025, the amount of pension savings at the expense of mandatory pension contributions of the employer (MPCE) received from January 1, 2024 to the pension accounts of contributors (recipients) amounted to 552.11 billion KZT.
Receipt
The growth of savings is ensured by the receipt of pension contributions, as well as investment income. During the year, 2,104.98 billion KZT of contributions were received on individual and conditional pension accounts of contributors, which is 18.2% (or 324.17 billion KZT) more than in the same period last year.
Since the beginning of the year as of 01.09.2025, 1,725.25 billion KZT have been received on individual pension accounts (IPA) for MPC accounting (compared to the same period last year, the volume of MPC increased by 10.3%), MPPC – 89.92 billion KZT (an increase of 19.9%), VPC – 1.65 billion KZT. Contributions from the MPCE for the first 8 months of 2025 amounted to 288.15 billion KZT.
Payouts and transfers
Payments on all types of contributions and transfers to insurance organizations from the UAPF for 8 months of 2025 amounted to 1,157.29 billion KZT, which exceeds the volume of payments of last year’s figure by 56.4% or 417.31 billion KZT.
Most of the payments are lump-sum pension payments (LSPP) for the improvement of housing conditions and treatment – 684.71 billion KZT. At the same time, the volume of payments for alternative purposes has more than doubled compared to last year’s figure.
Old-age payments as of 01.09.2025 increased by 22.86% for 12 months and amounted to 160.43 billion KZT. 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 amounted to 35,691 KZT.
From the beginning of the year to 01.09.2025, inheritance payments were also made – 46.47 billion KZT, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan – 28.62 billion KZT, payments to persons with disabilities – 2.08 billion KZT, funeral payments – 7.19 billion KZT. An amount of 227.79 billion KZT was transferred to insurance organizations.
Number of individual pension accounts
The total number of pension accounts in the UAPF as of September 1, 2025 amounted to 17.88 million units (an increase for 12 months – 1.22 million units or 7.3%). At the same time, the number of IPAs of contributors (recipients) in the UAPF as of September 1, 2025 amounted to 12.63 million units, of which: 11.23 million – for MPC, 748.20 thousand – for MPPC, 458.30 thousand – for VPC.
The number of conditional pension accounts in the UAPF, which take into account information on the received MPCE, amounted to 5.25 million units.
All relevant information on statistical data on pension assets is posted on the enpf.kz website in the “Statistics and Analytics” section.
The UAPF was established on August 22, 2013 on the basis of NPF “GNPF” JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution “State Property and Privatization Committee” 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 mandatory pension contributions, mandatory pension contributions of the employer, mandatory professional pension contributions, voluntary pension contributions, as well as crediting and accounting for voluntary pension contributions formed at the expense of the unclaimed amount of guarantee compensation for the guaranteed deposit, transferred by the organization carrying out mandatory deposit insurance, in accordance with the Law of the Republic of Kazakhstan “Concerning Compulsory Insurance of Deposits Placed in Second-Tier Banks of the Republic of Kazakhstan” ensures the implementation of pension payments. The Fund also carries out accounting of target assets and target claims, accounting and crediting of targeted savings (TS) to target savings accounts, payments of TS to their recipient to bank accounts, accounting of TS returns in the manner determined by the Government of the Republic of Kazakhstan within the framework of the program “National Fund for Children”. (More details on www.enpf.kz).
