Kazakhstanis’ pension savings increased by KZT4.11 trillion in a year
Kazakhstanis’ pension savings increased by KZT4.11 trillion in a year
As of May 1, 2025, pension savings of Kazakhstanis exceeded KZT23.10 trillion, showing growth over 12 months of KZT4.11 trillion or 21.7%.
Пенсионные накопления, сформированные за счет обязательных пенсионных взносов (CPC), составили на 1 мая 2025 года 22,05 трлн тенге, увеличившись за 12 месяцев на 20,4%. Сумма пенсионных накоплений за счет обязательных профессиональных пенсионных взносов (COPC) – 661,69 млрд тенге (рост за 12 месяцев – 10,5%). Максимальный прирост за истекшие 12 месяцев (39,7%) показали накопления по добровольным пенсионным взносам (ДПВ), составившие 8,38 млрд тенге.
Pension savings formed through compulsory pension contributions (CPC) amounted to KZT22.05 trillion as of May 1, 2025, having increased by 20.4% over 12 months. The amount of pension savings through compulsory occupational pension contributions (COPC) is KZT661.69 billion (an increase of 10.5% over 12 months). The maximum increase over the past 12 months (39.7%) was shown by savings on voluntary pension contributions (VPC), which amounted to KZT8.38 billion.
As of 01.05.2025, the amount of pension savings through employer’s compulsory pension contributions (ECPC), received from January 1, 2024 to the pension accounts of contributors (beneficiaries), amounted to KZT374.30 billion.
Incomes
The increase in savings is provided by pension contributions and investment income.
Pension contributions to contributors’ accounts for 4 months of 2025 amounted to KZT1.03 trillion (an increase of 20.8% or KZT177.82 billion compared to the previous year’s figure).
Individual pension savings accounts (IPSA) for CPC accounting since the beginning of the year as of 01.05.2025 received KZT852.82 billion (compared to the same period last year, the CPC volume increased by 12.3%), COPC – KZT46.47 billion (an increase of 20%), VPC – KZT1.05 billion (an increase of 7.3%). ECPC for 4 months of 2025 amounted to KZT133.86 billion.
Pension benefits and transfers
Payments for all types of contributions and transfers to insurance organizations from the UAPF for 4 months of 2025 amounted to KZT525.25 billion, which exceeds the volume of payments of last year’s indicator by almost 2 times or by KZT239.79 billion.
Most of the payments are lump-sum pension benefit payments (LSPBP) for improving housing conditions and medical treatment – KZT307.34 billion.
Age-related pension benefit payments as of 01.05.2025 increased by 23.75% over 12 months and amounted to KZT80.53 billion. 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 35,686 tenge.
From the beginning of the year to 01.05.2025, inheritance payments were also made – KZT23.10 billion, payments in connection with leaving for permanent residence outside the Republic of Kazakhstan – KZT12.21 billion, benefits to persons with disabilities – KZT1.08 billion, funeral payments – KZT3.60 billion. An amount of KZT97.39 billion was transferred to insurance organizations.
Number of IPSA
The total number of pension savings accounts in the UAPF as of May 1, 2025 was 17.52 million units (growth over 12 months – 1.51 million units or 9.4%). At the same time, the number of IPSA contributors (beneficiaries) in the UAPF as of May 1, 2025 was 12.55 million units, of which: 11.17 million – by CPC, 733.06 thousand – by COPC, 448.61 thousand – by VPC.
The number of notional pension savings accounts in the UAPF, which record information on received ECPC in accordance with the legislation of the Republic of Kazakhstan, was 4.97 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
