PRESS RELEASES

The volume of pension savings of Kazakhstanis as of February 1, 2023 amounted to KZT14.9 trln. Since the same date last year, it has increased by almost KZT1.8 trln or 13.4%.

It is no secret that many of our citizens still treat pension contributions as a mandatory but intangible payment, or even panic unreasonably, declaring that everything is gone, someone appropriated pension savings, and so on to the very limits of violent fantasy. Why such pessimism and negative forecasts? For older people who survived defaults, the loss of savings in banks in the 90s and other financial shocks, such thoughts are understandable, younger people doubt, it seems, for the company or out of ignorance. We decided to find out, is it worth worrying?

If a person has already retired and started receiving benefits, will his savings in the UAPF continue to be invested?

All money received on the individual pension saving account of the contributor, including CPC, COPC, VPC, as well as investment income accrued on them, penalties and other receipts, after the contributor reaches retirement age, is still part of his pension assets and will be invested by the National Bank of the Republic of Kazakhstan in accordance with the Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan.

The entire system of investment management and accounting of pension assets is transparent: each contributor has the opportunity to see his investment income in his personal account on the enpf.kz website, in a mobile application or on the e-government portal. Information on the financial instruments in which pension assets are placed is published on the UAPF website in the "Indicators/Investment Activity" section.

UAPF JSC constantly improves the availability of its services. One of the ways to communicate with our clients is cooperation with Kazpost JSC.

Now, when submitting an application for the appointment of pension payments and making changes and (or) additions to the details, the application can be signed using a QR code.

The enpf.kz website contains a report on the management of pension assets of the NBRK and the IPM as of January 1, 2023. 

The total volume of pension assets as of January 1, 2023 amounted to about KZT14.7 trillion. At the same time, UAPF pension assets held in trust by the NBRK amounted to KZT14,621.89 billion. Pension assets managed by the IPM amounted to KZT9.36 billion.

 UAPF services are available in all corners of the republic: both in large cities and in small towns. As of January 1, 2023, the regional structure of the Fund includes 18 branches: in cities of republican significance (Astana, Almaty, Shymkent) and in 15 regional centers.

The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of January 1, 2023 amounted to about KZT14.7 trillion.

As of January 1, 2023, the pension savings of Kazakhstanis amounted to KZT14.7 trillion. It should be noted that in 2022 this indicator increased by almost KZT1.6 trillion (or 12.2%). For comparison, the increase in pension savings in 2021 was only 1%. This means that the rates of development of the accumulative pension system are gradually returning to the indicators of the periods before significant withdrawals of pension savings for alternative purposes, when the growth of pension savings annually ranged from 15 to 20%.

In the Personal Account of the contributor / beneficiary on the enpf.kz website, a new service has been introduced regarding pension benefits from the UAPF. Now each beneficiary of the pension benefit payments according to the schedule has access to information on the amounts of pension benefit payments made and planned for the coming period.

The agreement entered into force on January 1, 2021 and its main goal is the formation and implementation of the pension rights of workers of the member states of the Eurasian Economic Union (EAEU) on the same conditions and in the same manner as citizens of the state of employment.

From 01.01.2023, a single payment has been introduced in Kazakhstan.

A new Chapter 89-1 “Single Payment” has been added to the Tax Code since 2023.

The information disseminated in social networks and other sources about the possibility of pensioners withdrawing 50% of pension savings is not true!

From January 1, 2023, pension benefit payments from the UAPF to pensioners who retired after January 1, 2018 were increased by 5%.