Sunday03 November 2024
inbusinesskz.com

The amount of pension assets held by Kazakhstan citizens has been revealed.

Over the course of a year, the volume of pension savings has increased by 22.2%.
Обнародован объем пенсионных накоплений граждан Казахстана.

Thus, assets have shown an increase over the past 9 months of more than 3.3 trillion tenge (or 18.5%). Over the year, pension assets have grown by 4 trillion tenge (or 23%).

“Pension savings formed from mandatory pension contributions (MPC) amounted to approximately 20.4 trillion tenge as of October 1, 2024, reflecting a year-on-year increase of 22.2%. The total pension savings from mandatory professional pension contributions (MPPC) reached over 628.6 billion tenge (an annual growth of 14.4%). The highest growth over the year (44.8%) was observed in savings from voluntary pension contributions (VPC), which totaled more than 7.1 billion tenge,” the information message states.

Starting from January 1, 2024, additional funds will be deposited into the pension accounts of contributors (recipients) — mandatory pension contributions from employers (MPC-E). Over the first 9 months of 2024, the total pension savings from MPC-E amounted to approximately 170 billion tenge.