As of November 1, pension savings from mandatory pension contributions (MPC) exceeded 20.7 trillion tenge (an annual increase of 24.5%, and 19.9% since the beginning of the year). The total pension savings from voluntary pension contributions (VPC) amounted to approximately 633.8 billion tenge, showing a year-on-year growth of 15.3% and an increase of 11.5% since the start of the current year. The most significant growth was seen in savings from voluntary pension contributions, which increased by 47.3% over the year and 39.2% since the beginning of the year, totaling over 7.3 billion tenge.
Starting January 1, 2024, additional funds will be credited to the pension accounts of contributors in the form of mandatory pension contributions from employers (MPC-E). Over the past 10 months, the amount of pension savings from MPC-E has reached more than 194.9 billion tenge.
Pension savings are increasing due to contributions and investment income. For the past 10 months, pension contributions to the accounts of contributors have exceeded 2.2 trillion tenge (an increase of 29.7% or 514.6 billion tenge compared to the previous year).
All types of contributions have shown growth: approximately 2 trillion tenge has been credited to individual pension accounts (IPA) under MPC since the beginning of the year (which is 19.1% more than the same period last year), 94.5 billion tenge under VPC (a growth of 19.8%), and 2.6 billion tenge under VPC (a growth of 38.0%).
The net investment income accrued to individual and conditional pension accounts of ENPF contributors since the beginning of the year has reached approximately 2.4 trillion tenge. Its volume has increased by more than 1.1 trillion tenge (or 92.8%) compared to the same period last year.
Payments and Transfers
Payments from all types of contributions and transfers to insurance organizations from ENPF over the past 10 months have totaled approximately 990 billion tenge, nearly double the amount of payments from the same period last year.
One-time pension payments (TPP) for housing improvement and medical treatment accounted for 429.1 billion tenge.
Payments related to reaching retirement age totaled around 171.6 billion tenge, which is 39.8% higher than last year's figures.
In the past 10 months, payments have also been made for inheritance – 50.3 billion tenge, for relocation for permanent residence outside Kazakhstan – 33.9 billion tenge, for persons with disabilities – over 2.5 billion tenge, and for burial – approximately 8.4 billion tenge. A total of over 294.1 billion tenge has been transferred to insurance organizations.
The average monthly payment from ENPF related to reaching retirement age amounted to 33,865 tenge, while the maximum monthly payment was 945,752 tenge.
Number of IPAs
The total number of pension accounts in ENPF as of November 1, 2024, reached 16.9 million. The number of accounts has increased by more than 4.6 million or 37.5% since the beginning of the year, and by 37.9% over the year. The number of individual pension accounts (IPA) of contributors in ENPF as of November 1, 2024, stood at approximately 12.5 million, of which more than 11.1 million were under MPC, 705.8 thousand under VPC, and about 433.5 thousand under VPC.