According to finprom.kz, as of end of May, 2019, the pension savings in the UAPF have reached 9.9 trillion tenge increasing by 19.8% over the year. As a comparison: in the same period a year earlier, the amount of savings was equal to 8.3 trillion tenge, and the growth was 18.1%. Over the past five years, pension savings in the corresponding period has increased on average by 19.6% per year.
Upward trend is observed in all types of savings. The amount of compulsory pension contributions has increased by 19.5% over the year, the growth of mandatory professional pension contributions is 33.2%, and voluntary pension contributions have increased by 6.1%.
Pension payments have also increased making up 93.4 billion tenge as of January-May current year, the annual increase is 1.7%.
Photos are from open sources.