Kazakhstan's Pension Savings Rise 10% Over Past Year to Over 28 Trillion Tenge

Pension savings of Kazakhstanis rose 10% over the past year and exceeded 28 trillion tenge, according to data from the Unified Accumulative Pension Fund, reported by 24KZ. Most of the funds were formed through mandatory pension contributions, which grew 7% over the year.

The fastest growth was recorded in mandatory contributions made by employers. This system has been in effect in the country since January 2024. Over the year, the volume of these savings doubled and reached about 1.5 trillion tenge.

Voluntary pension savings also increased, rising 6.4% over the last 12 months to more than 10 billion tenge.