PRESS RELEASES

The UAPF annually, together with the Government for Citizens State Corporation (State Corporation), conducts a reconciliation to identify persons who have reached retirement age and have pension savings in the UAPF, while receiving pension benefits by age at the expense of budgetary funds, but who have not applied for benefit to UAPF.

The UAPF informs its contributors (recipients) that individuals who have pension savings in the UAPF, formed from:

mandatory pension contributions and/or mandatory professional pension contributions, and have a first or second group disability status established indefinitely, or

voluntary pension contributions, and have a disability status regardless of group and duration of disability,

have the right to receive pension payments according to the established schedule until the general retirement age is reached.

The UAPF informs its contributors and recipients about the increasing cases of scammers spreading unreliable information on social networks. 

By using social networks and WhatsАpр messaging, scammers are writing about the possibility of withdrawing pension savings without taking into account the minimum pension savings threshold (MPST) during the period from June to September of this year. This message is fake and does not correspond to reality.

The 23rd meeting of the Public Council under the UAPF was held on April 25 this year.

The agenda included a report on the investment of pension assets, presented by the National Bank of the Republic of Kazakhstan as a trustee.

Electronic services that do not require a personal appeal of citizens to the UAPF branches remain popular in Kazakhstan. They are accessible and convenient, many contributors prefer to use them 24/7 in the Personal Account on the enpf.kz website, in the mobile application.

The net investment income accrued to the accounts of UAPF contributors for the period from January to March 2023 amounted to KZT336.3 billion, which exceeds the figures for the same period last year by KZT44.6 billion or 13%. The yield on UAPF pension assets managed by the National Bank of Kazakhstan over the past 12 months amounted to 6.63%.

Key indicators of UAPF as of April 1, 2023. 

Increasing every year, pension contributions and the investment income accrued on them form a financial safety cushion, demonstrating the stability and reliability of the pension system of Kazakhstanis.

Since the beginning of the year, UAPF specialists have processed about 130,000 applications remotely.

UAPF provides services to contributors and recipients through various communication channels. The most convenient of them is through the Personal Account on the enpf.kz website (you can read about it here)

1. In the statement from the pension account, the amount of deductions starts from 2013. How can I get information about deductions for previous years?

The UAPF was established in 2013 on the basis of the State Accumulative Pension Fund (GNPF APF JSC). Pension assets and liabilities of all private funds were transferred to UAPF.

As you know, our pension savings consist of pension contributions and accrued investment income. The investment of pension assets is carried out by the National Bank of the Republic of Kazakhstan, and from 2021 - by investment portfolio managers (IPM). The main purpose of such trust management of pension savings through compulsory pension contributions (CPC) and (or) compulsory occupational pension contributions (CPPC) is to invest in various financial instruments and generate income.

The most popular and convenient way today to receive most of the UAPF pension services is through the Personal Account on the enpf.kz website, and the most popular of them is information on the state of pension savings. By the way, this information can also be obtained on the e-government portal, where it is presented in two versions - in expanded form with the attachment of statements on an individual pension saving account (IPSA) (service name "Information on pension accruals of the UAPF") and in a short format without an IPSA statements attached (in the Personal Account / Dossier / Pension Savings, which must be updated after entering the Personal Account).

At the 22^nd meeting of the Public Council under the UAPF, three issues were considered:

1) Preliminary results of the activities of UAPF JSC for 2022.

2) Work of the UAPF with the pension assets of distressed issuers.

3) Compulsory pension contributions within the framework of the Single Aggregate Payment.

Saule Yegeubayeva, Deputy Chairman of the Executive Board of UAPF JSC, spoke on the first issue.

UAPF provided records as of April 1, 2023

Housing

From January 2021, as of April 1, 2023, about KZT3.2 trillion was transferred from UAPF to the special accounts of Kazakhstanis opened in banks-authorized operators to improve living conditions. Thus, the Fund fulfilled 1,355,921 applications of contributors and beneficiaries. The average amount seized per one application is about KZT2.4 million. At the same time, it should be noted that the number of unique applicants amounted to 691,204 people. This means that many contributors and beneficiaries have taken advantage of the opportunity to use savings for housing several times.