PRESS RELEASES

As part of the first panel session of the high-level international round table “Mandatory Funded and Mixed Pension Schemes Development Prospects”, which took place on September 28, 2023, on the topic “Population aging and pension reform”, moderated by Grigory Marchenko, the President of the International Federation of Pension Fund Administrators (FIAP) Guillermo Arthur (Santiago, Chile) Spoke.

On September 28, 2023, within the framework of the high-level international round table “ Mandatory Funded and Mixed Pension Schemes Development Prospects ”, various panel sessions and discussions were held.

Net investment income accrued to the accounts of UAPF contributors for 8 months of 2023 amounted to more than KZT1.04 trillion and exceeded the same period last year by KZT340.4 billion or 49%.

Key indicators of the UAPF as of September 1, 2023 

As of September 1, 2023, pension savings in the amount of KZT16.76 trillion were formed in individual accounts of UAPF contributors (beneficiaries). Since the beginning of the year, their increase as of September 1, 2023 amounted to KZT2.1 trillion (14.3%). Compared to the same date last year, the volume of pension savings increased by KZT2.8 trillion (20%).

A series of interviews dedicated to the 25th anniversary of the Kazakhstan’s funded pension system

A quarter of a century has passed since the implementation of the pension reform, which marked the gradual transition from state pension provision to a multi-component pension system.

On September 28, 2023, an international high-level round table "Prospects for the development of mandatory funded and mixed pension systems" will be held, organized by the Unified Accumulative Pension Fund in cooperation with the International Social Security Association (ISSA) as part of the calendar of events for the 25th anniversary of the funded pension system of the Republic of Kazakhstan.

Unified Accumulative Pension Fund JSC (UAPF) published the Annual Actuarial Report for 2022, which presents the main results of the complex actuarial calculations of the UAPF carried out during 2022 in the main areas for improving the pension system of Kazakhstan, provided for by the Concept for further modernization of the pension system of the Republic of Kazakhstan until 2030. The Concept is aimed at maintaining a multi-level model of pension provision with diversified sources of income for pensioners, ensuring the long-term sustainability of its distribution component, as well as maintaining and strengthening the mandatory funded component.

UAPF JSC informs that in connection with the completion of the transition to the Bank-Client remote banking system of the National Bank of the Republic of Kazakhstan from September 1, 2023, it is possible to transfer pension contributions only to the new details of the UAPF.

Being a high-tech financial institution with a personalized approach to the formation and planning of funded pensions, UAPF provides its contributors and beneficiaries with the opportunity to receive services in a format convenient for them. The priority is electronic services. Over 10 million (68.9%) transactions were carried out over 7 months of the current year in electronic format.