The Unified Accumulative Pension Fund has provided its contributors with 15 million services since the beginning of 2021 in the period from 01.01.2021 to 01.05. 2021. This is 39% more than in the same period of 2020.
As of of May 1 2021 the total amount of pension savings of Unified Accumulative Pension Fund’s contributors exceeded 12.6 trillion tenge. This amount consist of pension contributions and investment income.
As of May 1 2021, pension savings in the amount of 12.6 trillion tenge were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. Over the year since May 1 2020 to May 1 2021 the amount increased by 8% or about 1 trillion tenge.
On the corporate website of the Unified Accumulative Pension Fund, the range of types of applications for the appointment of pension benefits that can be submitted remotely has been expanded.
As of April 1, 2021, pension savings in the amount of KZT 12.6 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. Over the year, that is, from 01.04.2020 to 01.04.2021, the amount increased by almost KZT 1 trillion, or 8%.
The Unified Accumulative Pension Fund has provided 9.6 million services to its contributors since the beginning of 2021 in the period from 01.01.2021 to 01.04.2021. This is 2 times more than in the same period last 2020. It is important to note that the growth was both in e-services and in services provided in the branches of the UAPF
Each contributor of the Unified Accumulative Pension Fund can independently calculate their future pension payments using the Forecast Pension Calculator on the website enpf.kz. It covers all components of a pension within the multi-tier pension system of Kazakhstan: state basic pension and old-age pension (or solidarity), as well as a pension formed from compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC) and voluntary pension contributions ( VPC).
1. I would like to open an account for voluntary contributions, as I began to think that I do not have much savings, but I would like to receive a larger pension. Where should I go?
As previously reported, since the beginning of this year, the Agreement on Pension Provision of Workers of the Eurasian Economic Union Member States (hereinafter referred to as the Agreement) has come into force.
From May 1, 2021, the norms of the Law of the Republic of Kazakhstan On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on the Restoration of Economic Growth go into effect, regulating the procedure for transferring unclaimed amounts of guarantee compensation to the UAPF for crediting to individual pension saving accounts (IPSA) for recording voluntary pension contributions (VPC).
UAPF JSC informs its contributors about the introduction of some changes and additions to the regulatory legal acts of the Republic of Kazakhstan on the regulation of the financial market.
From May 1, 2021, the first voluntary pension contribution (VPC) received by the UAPF will be the basis for opening an individual retirement account for recording voluntary pension contributions.