PRESS RELEASES

As of March 1, 2021, pension savings in the amount of KZT 12.6 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. Over the year, that is, from 03/01/2020 to 03/01/2021, the amount increased by more than KZT 1.5 trillion, or by 14%.

The Unified Accumulative Pension Fund has provided 7.2 million services to its contributors since the beginning of 2021 in the period from 01.01.2021 to 01.03.2021. This is 2.2 times more than in the same period last year in 2020. It is worth noting that the growth was both in e-services and in services provided in person in the branches of the UAPF.

This year, the UAPF began to carry out a reconciliation with the "Government for Citizens" State Corporation for the presence in the social protection authorized body’s information system of those persons who have reached retirement age who have been assigned pension benefits and the state basic pension benefit at the expense of budgetary funds, but who did not apply to the UAPF for the payment of pension savings. Reconciliation will also be carried out to ensure that the authorized body has mobile phone numbers of beneficiaries registered in the state database in order to provide a proactive service for receiving pension benefits from the UAPF.

UAPF JSC informs about the entry into force from 01.03.2021 of the Rules for keeping records of pension savings at the expense of compulsory pension contributions, compulsory occupational pension contributions and voluntary pension contributions on individual pension saving accounts (IPSA) of contributors (beneficiaries), approved by the resolution of the Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market dated February 12, 2021 No. 27 , according to which the IPSA is closed after 1 (one) month, provided that there are no pension savings.

The size of the monthly pension benefit from the UAPF is determined as one twelfth of the annual amount of pension benefits, calculated in accordance with the provisions of the Decree of the Government of the Republic of Kazakhstan dated October 2, 2013 No. 1042 (Appendix 2 Methodology for calculating the amount of pension benefits). At the same time, the monthly pension payment from the UAPF is carried out in the amount of at least 70% of the minimal subsistence level. (Previously, the monthly pension payment from the UAPF was carried out in the amount of at least 54% of the minimal subsistence level).

A new service has appeared on the enpf.kz website

From January 2021, legislative norms came into force that provide citizens with the right to use part of their pension savings not only to improve housing conditions and (or) pay for medical treatment, but also to transfer to management companies (investment portfolio managers - IPM) to investment management.

UAPF JSC is constantly working to inform contributors (beneficiaries) about the status of their individual pension saving accounts (IPSA).

The Unified Accumulative Pension Fund in January alone, in the period from 01.01.2021 to 01.02.2021, provided its contributors with 4.2 million services. This is 2.6 times more than in the same period last year in 2020. It is worth noting that the growth was both in electronic services and in services provided in person in the branch offices of the UAPF.

From February 1, 2021, the UAPF began to transfer lump-sum pension benefits to special accounts of contributors opened in banks that are authorized operators.