PRESS RELEASES

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%.

From January 1, 2023, the following persons are entitled to pension benefits from the UAPF at the expense of compulsory pension contributions and compulsory occupational pension contributions according to the established schedule:

- women upon reaching the age of 61 (this age limit is valid until 2028 inclusive);

- men upon reaching the age of 63;

- persons with a disability of the first or second group, if the disability is established indefinitely.

Accounting for KZT14.4 trillion on more than 12 million accounts of contributors and beneficiaries, the Unified Accumulative Pension Fund has transferred almost all operations to digital format. About 93% of services are provided to the population online or automatically.

The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of December 1, 2022 amounted to KZT14.4 trillion.

The pension savings of Kazakhstanis as of December 1, 2022 came to more than KZT14.4 trillion. At the same time, since the beginning of the year, this indicator has increased by more than KZT1.3 trillion (or 10.2%).