From May 1, 2022, unclaimed during the year in Kazakhstan Deposit Guarantee Fund JSC (KDGF) the amount of guaranteed compensation on guaranteed deposits will be transferred by KDGF to individual pension saving accounts (IPSA) to account for voluntary pension contributions (VPC) opened in UAPF in the name of depositors.
The unclaimed amount of the guarantee compensation is credited to the IPSA, provided that the depositor's personal data contained in the register of depositors correspond to the depositor's personal data available in the UAPF, if there is a valid identity document of the depositor, and also if the depositor in the UAPF has an IPSA with pension savings at the expense of compulsory pension contributions and/or compulsory occupational pension contributions and/or VPCs.
That is, contributors do not need to specifically contact the UAPF - subject to the specified conditions, the amounts transferred by KDGF will be credited to the UAPF on the IPSA for VPC accounting automatically.
The unclaimed amounts of guarantee compensation credited to the IPSA for VPC accounting will be invested in the same manner as other pension assets. These amounts will bring investment income to the contributor (beneficiary).
Депозиторы смогут получить невостребованные суммы гарантийного возмещения из ЕНПФ в виде пенсионных выплат за счет VPC на общих основаниях, предусмотренных Законом Республики Казахстан «О пенсионном обеспечении в Республике Казахстан» для вкладчиков ЕНПФ, имеющих пенсионные накопления, сформированные за счет VPC:
Depositors will be able to receive unclaimed amounts of guarantee compensation from UAPF in the form of pension benefits at the expense of VPC on the general basis provided for by the Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan for UAPF contributors who have pension savings formed at the expense of VPC:
1) who have reached the age of fifty;
2) who are disabled;
3) foreigners and stateless persons leaving or leaving for a permanent place of residence outside the Republic of Kazakhstan, who submitted documents, determined by the legislation of the Republic of Kazakhstan, confirming the intention or fact of departure;
4) who have pension savings within the limits of VPC amounts and the investment income accrued on them, which have been in the UAPF for at least five years
At the same time, if the owner of the deposit missed the deadline for payments from KDGF for a good reason (entry of the depositor to military service, the presence of the depositor outside the Republic of Kazakhstan, acceptance of the depositor's inheritance and other reasons related to the acquisition or opening of the inheritance, the presence of the depositor in places deprivation of liberty, as well as other circumstances established by the court), he must apply directly to the KDGF. In this case, UAPF, on the basis of notification from KDGF, will return the unclaimed amount of the guarantee compensation to KDGF.