Pension benefits from the UAPF are paid in accordance with the Methodology approved by the Decree of the Government of the Republic of Kazakhstan dated October 2, 2013 No. 1042 (as amended from April 1, 2021). According to this Methodology, benefits to retirees are calculated as follows: the amount of pension savings is multiplied by the pension savings payment rate - 6.5% and divided by 12. This is how the amount of monthly benefit payments from the UAPF in the first year of their receipt is obtained. For beneficiaries of certain categories: people with disabilities of groups 1 or 2, established indefinitely, as well as people who worked in hazardous industries, whose savings were formed at the expense of compulsory occupational pension contributions in the aggregate for at least sixty months, the Methodology for calculating pension benefits provides for corrective raising coefficients.
The UAPF reminds that persons who have pension savings in the UAPF, formed at the expense of compulsory pension contributions and compulsory occupational pension contributions, and have reached the generally established retirement age (men upon reaching 63 years of age, women upon reaching 60 years of age in 2021 with an annual increase in the retirement age of women for six months until reaching 63 years of age in 2027), as well as persons with disabilities of the first and second groups, if the disability is established for an indefinite period, are entitled to receive pension payments from the UAPF according to the established schedule
The Unified Accumulative Pension Fund only for 11 months of the current year (in the period from 01.01.2021 to 01.12.2021) provided 36.3 million services to its contributors. This is 42.5% more than in the same period last 2020.
The amount of pension savings of the contributors of the Unified Accumulative Pension Fund as of December 1, 2021 reached KZT 13.4 trillion. As you know, this amount includes pension contributions and investment income.
Investment income since the beginning of the year has exceeded the amount of contributions received
As of December 1, 2021, pension savings in the amount of KZT 13.4 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. Over the year, from 01.12.2020 to 01.12.2021, the amount increased by KZT 648.8 billion or 5%, and from January 2021 by KZT 455 billion or 4%.