bs-preloader__icon
ru kz en

SAPF transfers to insurance organizations amounted to KZT 8.8 billion for the 1st HY 2018.

Total pension payments made from Single Accumulated Pension Fund for the 1st HY 2018 amounted to KZT 100.9 billion, the Fund's press service reports.
SAPF transfers to insurance organizations amounted to KZT 8.8 billion for the 1st HY 2018.

Scheduled payments amounted to KZT 63.4 billion, of which annual payments accounted for KZT 61.9 billion, quarterly payments - 11.9 million, monthly payments- KZT1.5 billion.

SAPF also made lump-sum payments of KZT28.6 bn., including KZT1.6 bn. on old-age pensions. For comparison: SAPF paid KZT 121.2 billion for the same period last year, of which KZT 14.7 billion were transferred to insurance organizations. The decrease in volume of payments in general is explained by introduction of a monthly payment procedure, which contributes to extension of time for receiving payments and increase in total pension of recipients.

The total amount of pension savings as of July 1, 2018 amounted to KZT 8.4 trillion increasing from the beginning of the year by 663.6 billion or 9%.

The net investment income accrued on individual pension accounts of SAPF depositors for the 1st HY 2018 amounted to KZT356.4 bn. The return since the beginning of the year was 4.5%, while inflation for the same period was 2.6%. The yield of pension assets in annual terms (June 2017 - June 2018) was 9.5% with inflation for the same period of 5.9%.

The amount of pension income for 6 months of 2018 was KZT407.5 bn. (excluding return of contributions), by 11% more compared to the same period in 2017, when this figure was KZT366.4 bn. The main share of revenues was mandatory pension contributions (MPC).

Based on results of the 1st HY 2018, more than 5.6 million depositors made mandatory pension contributions. Over 70% (about 4.1 million people) of them contribute at least six months a year. The volume of mandatory pension contributions paid by them amounted to KZT407.4 bn. For comparison, in 2017 more than 5.9 million people made MPC for a total of KZT756.1 bn., which was 8% more than in 2016.

Photos per websites: kagro.kz, ru.investing.com

Share
read also
Trans-Urals resident "died" for a year to get insurance coverage
Trans-Urals resident "died" for a year to get insurance coverage

Scammers tried to become rich by almost 5 million rubles at the expense of the insura...

Russia is actively offering an insurance policy for the early diagnosis and effective treatment of cancer
Russia is actively offering an insurance policy for the early diagnosis and effective treatment of cancer

And this is for the reason: cancer remains the second leading mortality cause in Russ...

The five largest insurance companies concentrate 68% of all sector’s assets
The five largest insurance companies concentrate 68% of all sector’s assets

By the end of January 2019, the assets of insurance organizations amounted to 1.1 tri...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application