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Kazakh Pension Fund had 15,65% profit in 2015

Kazakh Pension Fund had 15,65% profit in 2015

Integrated Accumulative Pension Fund (IAPF) received pension contributions with the sum of T657,6 billion last year and revenues of pension assets composed 15,65% despite a rate of inflation of 13,6%.

According to the press letter of the fund, total amount of pension accumulation grew up to 5,83 trillion tenges,

"Kazakhstan's main Pension Fund gained the investment income with the sum of 761,40 billion tenges involving individual retirement accounts of investors," as in a letter noted.

For January 1, 2016, the number of individual retirement accounts in IAPF went up 10 116 751 units.

Photo: vlast.kz

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