Pension payments of Kazakhs increase by over 13%
Baku, Azerbaijan, July 2
By Nargiz Sadikhova - Trend:
Pension assets of citizens of Kazakhstan amounted to 9.9 trillion tenge in June 2019, which is 134.1 billion tenge more than in the previous month and 516.5 billion tenge more than in the beginning of the year, Trend reports with reference to Association of Financiers of Kazakhstan.
Payments of Kazakhs equaled to 382.6 billion tenge in May, which is 13.8 percent more than in the same period of the last year. In turn, pension payments amounted to 93.4 billion tenge, which is 1.7 percent more than in the same period of last year.
Furthermore, the investments revenues of Unified Accumulative Pension Fund of Kazakhstan amounted to 250.1 billion tenge in January-May 2019, which is almost equals to the value of the previous year.
Commission remuneration of the Fund equals to 23.3 billion tenge this year, which is an increase of 54.9 percent. The return of pension assets of the Fund, distributed on the accounts of the customers, amounted to 2.37 percent. Real return on pension assets amounted to 5.3 percent in last 12 months.
(1 USD = 380.53 KTZ on July 2)
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