PRESS RELEASES

For 6 months of 2023, the accounts of UAPF contributors received a net investment income in the amount of KZT571.2 billion, which exceeds the same period last year by KZT233 billion or 68.9%.

More than 11.5 million statements on the status of individual pension saving accounts (IPSA) were issued by the Unified Accumulative Pension Fund to contributors (beneficiaries) for six months (from January 01, 2023 to July 01, 2023). Of these, 8.7 million (75.8%) were issued in electronic format, 2.5 million (21.4%) in automatic mode, and 281.2 thousand (2.4%) at the Fund's offices. Thus, the issuance of the IPSA statements remains the most popular service of the UAPF.

Key indicators of UAPF as of July 1, 2023. 

As of July 1, 2023, pension savings in the amount of KZT16.1 trillion were formed on individual accounts of contributors (beneficiaries) of the Unified Accumulative Pension Fund. Since the beginning of the year, their growth as of July 1, 2023 amounted to KZT1.4 trillion (9.6%). Compared to the same date last year, the volume of pension savings increased by KZT2.7 trillion (or 20.1%).

1. Good afternoon, can I receive lump sum pension benefits for medical treatment and housing from the compulsory occupational pension contributions?

From July 1, 2023, in accordance with the adopted Social Code of the Republic of Kazakhstan, one lump sum pension benefits for housing and medical treatment will be made from pension savings formed only from compulsory pension contributions (CPC).

UAPF JSC (hereinafter - UAPF) informs about the procedure for taxation of a lump-sum benefit payment for burial, made from the pension savings of a deceased person.

About 1.8 million applications received from almost 1 million depositors, in the amount of about KZT3.6 trillion, were executed by UAPF JSC (hereinafter - UAPF) in order to improve living conditions and (or) pay for medical treatment. As you know, pension savings can be used by contributors (beneficiaries) an unlimited number of times for withdrawal for housing and (or) medical treatment within the available amount of pension savings, as well as for transfer to management of an investment portfolio manager (hereinafter - IPM).

In the Republic of Kazakhstan, by a joint order of the Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan dated May 23, 2023 No. 163, the Minister of Health of the Republic of Kazakhstan dated May 26, 2023 No. 304, amendments and additions were made to the Regulations for the interaction of the competent authority with the authorized bodies of the Republic of Kazakhstan on the implementation of the Agreement on on pension provision for workers of the member states of the Eurasian Economic Union dated December 20, 2019, approved by orders of the Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan dated March 4, 2021. No. 62, Minister of Health of the Republic of Kazakhstan dated April 28, 2021 No. 249 (hereinafter referred to as the Regulations), which entered into force on May 26, 2023.

On the eve of the entry into force of the Social Code, the first item on the agenda of the meeting of the Public Council was the discussion of this important document for the country. In order to clarify its main aspects, the Council invited Nazgul Sagyndykova, the Vice Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan. The Vice Minister dwelled in detail on the coverage of the main novelties of the code, while drawing attention to its structure, where all the chapters are located according to the life cycle of a citizen of the country from birth to old age.

From July 1, 2023, the Social Code of the Republic of Kazakhstan (hereinafter referred to as the Code), signed by the Head of State on April 20, 2023, will come into force. The Code, among other things, provides for some changes in terms of obtaining information on the state of pension savings.

For 5 months of 2023 (in the period from January 01, 2023 to June 01, 2023), the Unified Accumulative Pension Fund provided about 10.7 million services to its contributors and beneficiaries, of which 7.4 million (69.83%) - in electronic format, 2.4 million (22.24%) - in automatic format, more than 277 thousand (2.60%) - in a remote format in the form of consultations. Thus, Kazakhstanis receive about 95% of pension services remotely.

The website enpf.kz provides a report on the management of pension assets of the NBK and IPM as of June 1, 2023. A detailed report on the investment of pension savings is posted on the website enpf.kz in the section "Indicators - Investment activity", which monthly provides information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM). 

Net investment income accrued to the accounts of UAPF contributors for the period from January to May 2023 amounted to KZT493.4 billion. The return on UAPF pension assets managed by the National Bank of the Republic of Kazakhstan (NBRK) over the past 12 months amounted to 11.56%.

The Open Doors Day has already become a traditional event for contributors of the Unified Accumulative Pension Fund. The main agenda this time was the topic Pension planning. Pension Calculator.

The volume of pension savings of Kazakhstanis as of June 1, 2023 amounted to KZT15.8 trillion. Since the same date last year, it has grown by almost KZT3.07 trillion or 24%.