PRESS RELEASES

The UAPF together with the State Corporation "Government for Citizens" annually carries out an annual reconciliation of persons who have reached retirement age and have pension savings in the UAPF.

The Unified Accumulative Pension Fund continues to conduct active explanatory work among the population, informing contributors on a whole range of issues related to the pension system.

As of September 1, 2022, from January 2021, the UAPF has executed 1,330,675 applications from contributors (beneficiaries) to use pension savings to improve housing conditions. More than KZT3.1 trillion was transferred to the special accounts of Kazakhstanis opened in banks-authorized operators. The average amount of lump-sum pension benefits amounted to about KZT2.4 million.

According to the Law of the Republic of Kazakhstan On Amendments and Supplements to Certain Legislative Acts of the Republic of Kazakhstan on the Regulation and Development of the Insurance Market and the Securities Market, Banking Activities, a number of amendments are introduced to regulatory legal acts, including from September 12, 2022, Article 60 Law of the Republic of Kazakhstan On pension insurance in the Republic of Kazakhstan (hereinafter - the Law).

Investment activity in the management of pension assets is transparent. The detailed information on the investment of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers, as well as reviews of investment activity, is posted monthly on the enpf.kz site, in the "Indicators - Investment activity" section. At the moment, the information is updated as of August 1, 2022.

As of August 1, 2022, more than 19.8 million services have been provided by the Unified Accumulative Pension Fund to contributors and beneficiaries since the beginning of 2022. Of these, more than 13.8 million transactions were carried out in electronic format, and 4.5 million in automatic mode. Thus, Kazakhstan citizens receive about 93% of pension services remotely.

The amount of accumulated pensions of contributors of the Unified Accumulative Pension Fund as of August 1, 2022 is about KZT13.7 trillion. As you know, this amount includes contributors' pension contributions and investment income.

Key UAPF indicators as of August 1

As of August 1, 2022, pension savings in the amount of KZT13.7 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund. Over the year, the amount increased by KZT853.7 billion or 6.7%.

In accordance with Articles 31, 32, and 33 of the Law of the Republic of Kazakhstan “On Pension Provision in the Republic of Kazakhstan”, in the event of the death of a person who has pension accumulations of compulsory, compulsory occupational, and voluntary pension contributions, they are all inherited in the manner established by the legislation of the Republic of Kazakhstan.