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UAPF continues to work on improving pension services. This time, the Fund has launched a convenient and timely project Legal Entity Office, which will facilitate and simplify the transfer of employee pension contributions to the employer.
UAPF contributors have 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 investment portfolio management companies (IPM) to investment management.
UAPF is expanding the range of digital services provided to contributors (beneficiaries). To date, individual pension benefits can be obtained from the UAPF without presenting an identity card. To do this, it is enough to have a digital (electronic) version of the identity card in the eGovMobile mobile application.
As of March 1, 2022, from January 2021, the UAPF has executed 867,853 applications from contributors (beneficiaries) to use pension savings to improve housing conditions. UAPF transferred KZT2.7 trillion to special accounts of Kazakhstanis opened in banks-authorized operators. The average amount of lump-sum pension benefits is KZT3.1 million.
The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of February 1, 2022 is KZT13.1 trillion. As you know, this amount includes pension contributions and investment income.
The Unified Accumulative Pension Fund provided 3.2 million services to its contributors in the first month of 2022.
It should be noted that over 94% of UAPF services are provided in a convenient, efficient and safe online format during the pandemic. Contributors and beneficiaries, without leaving their homes, can receive almost all the Fund's services literally in a matter of minutes. Of the total number of online services, over 2.1 million or 66.5% of the total volume of services are provided on the website or in the ENPF mobile application.
Key indicators of UAPF as of February 1, 2022
As of February 1, 2022, pension savings in the amount of KZT13.1 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund. The main amount of pension savings was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT12.7 trillion. The amount of pension savings on compulsory occupational pension contributions (COPC) amounted to KZT367.8 billion, the amount of pension savings on voluntary pension contributions (VPC) amounted to about KZT1.7 billion.