PRESS RELEASES

In 2023, the accounts of UAPF contributors received net investment income of about KZT1.6 trillion, which exceeds the last year figure by KZT685.4 billion or 77.7%.

The Unified Accumulative Pension Fund for 12 months of 2023 (from January 01, 2023 to December 31, 2023) provided its contributors with 24.8 million services, of which 17.4 million in electronic format, 5.5 million in automatic format. 1.2 million transactions were carried out in person, including more than 1 million directly in the Fund’s offices.

UAPF JSC recalls that from January 1, 2024, several key innovations in the legislation of the Republic of Kazakhstan came into force:

1. Will those minors who will turn 18 in 2024 be included in the National Fund for Children Program and what amount will they receive? 

All children who are citizens of the Republic of Kazakhstan are included in the Program (as of the end of December 31, 2023) and are its participants. Children who will turn 18 during 2024 will receive their accrued target requirements for 2023 (the year in which the child has not yet reached 18 years of age) in the form of target savings to their target savings accounts opened with the UAPF.

As part of the implementation of the Corporate Development Strategy of UAPF JSC for 2022-2026, which includes, among other things, tasks for further improvement of pension services taking into account the introduction of a proactive format, UAPF JSC, to help the contributor, is launching a new tool for planning a future pension - a personal pension savings plan.

From January 1, 2024, payments from the UAPF to pensioners who retired after January 1, 2018 increased by 5%.

Net investment income accrued to the accounts of UAPF contributors for the period from January to November 2023 amounted to more than KZT1.2 trillion, which exceeds the same period last year by KZT468.54 billion or 60.3%.

The Unified Accumulative Pension Fund for 11 months of the current year (from 01/01 to 01/12/2023) provided 22.8 million services to its investors, of which more than 15.8 million in electronic format, 5.1 million in automatic format. 1.2 million contributors were served face-to-face, including 1.0 million people who contacted the Fund’s offices directly.

Pension savings increased by 21.7% over the year 

The volume of pension savings of Kazakhstanis as of November 1, 2023 amounted to KZT17.2 trillion. Over the year, it increased by KZT3.1 trillion or 21.7%, and from January to October 2023 - by KZT2.5 trillion or 17.4%.