PRESS RELEASES

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.

In 2022, about 7 thousand persons who have reached retirement age and have pension savings in the UAPF, but who did not apply for them in a timely manner, received pension benefits, of which 4.5 thousand are women, 2.5 thousand are men. This became possible, among other things, as a result of the reconciliation that the UAPF annually conducts jointly with the State Corporation "Government for Citizens" NJSC (State Corporation) to identify persons who have reached retirement age and have pension savings in the UAPF, while receiving pension benefits according to age at the expense of budgetary funds, but who did not apply for payment to the UAPF.

Investment activity in managing pension assets is absolutely transparent and available for review. On the website enpf.kz in the section “Indicators - Investment activity”, detailed information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM), as well as reviews of investment activity, is monthly posted. At the moment, the information is updated as of March 1, 2023.

Key indicators of UAPF as of March 1, 2023

As of March 1, 2023, pension savings in the amount of KZT15.13 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 March 1, 2023 amounted to KZT466.2 billion (3.2%). Compared to the same date last year, the volume of pension savings increased by KZT1.54 trillion (or 11.4%).

For 2 months of the current year (from 01.01.23 to 01.03.2023), the Unified Accumulative Pension Fund provided its contributors with 4.6 million services, of which 3.1 million in electronic format, 1.14 million in automatic format. Thus, more than 92% of the total volume of services were provided remotely: on the website or in the UAPF mobile application, as well as in an application-free mode.

The net investment income of contributors (beneficiaries) of the Unified Accumulative Pension Fund since the beginning of the year, as of March 1, 2023, exceeded KZT204.4 billion.

The UAPF recommends that you regularly inquire about the timely receipt and correctness of the amount of pension contributions deducted from your salary and transferred to individual pension saving accounts (IPSA) in the UAPF.

According to the results of the market revaluation on March 13, the investment income of contributors (beneficiaries) of the UAPF increased by KZT344 billion.

Another confirmation that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least one year was the rapid growth of the investment component of savings of contributors (beneficiaries), which followed a short-term change in investment income associated with the occurrence of a negative exchange rate difference and market valuation financial instruments in the investment portfolio.

or why it is not wise to invest all the savings in one currency
  The pension savings of UAPF contributors and beneficiaries consist of contributions received to an individual pension saving account (IPSA) and accrued investment income.

UAPF provided accounting data as of March 1, 2023

For housing

From January 2021, as of March 1, 2023, about KZT3.2 trln was transferred from the UAPF to the special accounts of Kazakhstanis opened in banks-authorized operators to improve living conditions. Thus, the Fund executed 1,351,861 applications of contributors and beneficiaries. The average amount seized per one application is about KZT2.4 mln.

UAPF informs its contributors and beneficiaries about the increasing cases of fraudsters sending false information on social networks.

- Soon I'm going to retire, where can I apply for a pension?

In order to receive both the basic and solidarity (PAYG) pension from the state budget, and pension benefits from the UAPF at the expense of compulsory pension contributions and (or) compulsory occupational pension contributions (if any), when you reach retirement age, you should apply with a single application to the State Corporation (PSC) at the place of residence with the presentation, among other things, of an identity document, as well as information about a bank account.

The investment income of pension assets accrued in January 2023 exceeded the figure for the same period by 5.4 times and amounted to KZT66.4 billion.