PRESS RELEASES

As part of the implementation of the Corporate Development Strategy of UAPF JSC for 2022-2026, which includes, among other things, tasks for further improvement of pension services taking into account the introduction of a proactive format, UAPF JSC, to help the contributor, is launching a new tool for planning a future pension - a personal pension savings plan.

From January 1, 2024, payments from the UAPF to pensioners who retired after January 1, 2018 increased by 5%.

Net investment income accrued to the accounts of UAPF contributors for the period from January to November 2023 amounted to more than KZT1.2 trillion, which exceeds the same period last year by KZT468.54 billion or 60.3%.

The Unified Accumulative Pension Fund for 11 months of the current year (from 01/01 to 01/12/2023) provided 22.8 million services to its investors, of which more than 15.8 million in electronic format, 5.1 million in automatic format. 1.2 million contributors were served face-to-face, including 1.0 million people who contacted the Fund’s offices directly.

Pension savings increased by 21.7% over the year 

The volume of pension savings of Kazakhstanis as of November 1, 2023 amounted to KZT17.2 trillion. Over the year, it increased by KZT3.1 trillion or 21.7%, and from January to October 2023 - by KZT2.5 trillion or 17.4%.

Over 1.9 million applications received from about 1 million applicants, amounting to more than KZT3.7 trillion, were executed by UAPF JSC (hereinafter referred to as UAPF, Fund) in order to improve living conditions and (or) pay for medical treatment. Let us remind you that pension savings can be used by contributors (beneficiaries) an unlimited number of times within the limits of the amount of pension savings in the UAPF available for withdrawal in order to improve living conditions and (or) pay for medical treatment, and (or) transfer to investment portfolio managers (hereinafter referred to as IPM).

From January 1, 2024, on behalf of the Head of State, it is planned to launch the National Fund for Children program, within the framework of which all minor citizens of Kazakhstan will annually receive 50% of the investment income of the National Fund of the Republic of Kazakhstan (hereinafter referred to as the National Fund). In addition, amounts accrued to children in previous years will continue to be invested as part of the National Fund’s assets. As a result, investment income will be additionally accrued to them.

The UAPF reminds that from 01.01.2024, the current funded system will be supplemented with a new conditional funded component - mandatory employer pension contributions (MEPC).