BAKU, Azerbaijan, April 1. Pension savings of contributors (recipients) amounted to 13.5 trillion ($29.6 billion) as of March 1 in Kazakhstan, having increased by 482.9 billion tenge ($1.05 billion), or by 3.7 percent, Trend reports citing the National Bank of Kazakhstan.
The net revenue from investing in pension savings has increased by 511.7 billion tenge ($1.1 billion) over February, amounting to 7.4 trillion tenge ($16.2 billion) as of March 1, 2022.
The number of individual pension accounts of contributors for compulsory pension amounted to 10.9 million accounts as of March 1, 2022. The amount of pension payments amounted to 206.1 billion tenge ($450 million) in February 2022.
The main share of the total investment portfolio of the Unified Accumulative Pension Fund (UAPF) as of February 1, 2022 accounts for government securities and non-government securities of issuers (38.9 percent and 22.2 percent of total pension assets, respectively).
Unified Accumulative Pension Fund (UAPF) carries out its activities strictly within the framework determined by the legislation of the Republic of Kazakhstan.
The Fund aims to maintain high standards of corporate governance, and regularly publishes information on the state of depositors accounts and their current financial condition in open information sources.
---
Follow the author on Twitter: @nargiz_sadikh
