PRESS RELEASES

A new scam has emerged. UAPF contributors report that they are approached by intermediaries who, posing as employees of the Fund, offer to help receive pension savings for housing or medical treatment for a fee. About 30 contributors of the Fund have already become victims of these illegal actions.

UAPF has launched an annual campaign to inform its contributors (beneficiaries) about the state of pension savings in 2021.

As of February 1, 2022, since January 2021, the UAPF has executed 781,736 applications from contributors (beneficiaries) to use pension savings to improve housing conditions. UAPF transferred KZT 2.5 trillion to special accounts of Kazakhstanis opened in banks-authorized operators. The average amount of lump-sum pension benefits is KZT 3.2 million.

From May 1, 2022, unclaimed during the year amounts of guarantee compensation on guaranteed deposits in the Kazakhstan Deposit Guarantee Fund (KDGF) will be transferred to the UAPF to be credited to individual pension saving accounts (IPSA) for recording voluntary pension contributions (VPC).

The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of January 1, 2022 reached KZT 13.1 trillion. As you know, this amount includes pension contributions and investment income.

As of January 1, 2022, pension savings in the amount of KZT 13.1 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund. For the year, from 01.01.2021 to 01.01.2022, the amount increased by KZT 156.6 billion or 1%.

The results of the annual independent sociological survey were summed up, which defined the level of financial literacy of the population in the field of pension provision and the degree of public confidence in UAPF JSC.

In connection with the termination of the state of emergency in the Republic of Kazakhstan, the Fund's offices throughout the country resumed their work according to the previous schedule from 09:00 to 18:00.

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.