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.
UAPF has improved the Pension Calculator on its official website and mobile application by adding new features.
The forecast pension calculator is a tool for planning a future pension and allows the user to independently calculate the estimated amount of pension benefits, including pension of:
· State budget funds (basic pension and PAYG (labor) pension);
· 10% of compulsory pension contributions paid from employees' incomes to the UAPF;
· 5% of compulsory occupational pension contributions transferred by the employer to the UAPF in favor of employees employed in jobs with harmful working conditions;
· voluntary pension contributions.
In July of this year, the procedure for transferring unclaimed amounts of guarantee compensation of depositors of Capital Bank Kazakhstan JSC from the Kazakhstan Deposit Guarantee Fund (KDGF) to their individual pension saving accounts (IPSA) was completed to account for voluntary pension contributions (VPC) to the UAPF. Thus, unclaimed amounts of guarantee compensation were transferred to 41,134 depositors of the specified bank.
About 18.4 million services were provided by the Unified Accumulative Pension Fund to its contributors and beneficiaries in the 1st half of 2022. Of these, more than 12.6 million transactions were carried out in electronic format, about 4.4 million - in automatic mode. Thus, Kazakhstanis receive about 93% of pension services remotely, without leaving their home or office.
On the website enpf.kz in the section "Indicators - Investment activity" there is a monthly report as of July 1, 2022 on the investment of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM): it provides detailed information on the structure of investment portfolios as well as reviews of investment activities.
As of July 1, 2022, the pension savings of contributors to the Unified Accumulative Pension Fund amounted to about KZT13.4 trillion. The amount of investment income since the beginning of the functioning of the accumulative pension system, that is, since 1998, has exceeded KZT7.2 trillion. At the same time, the investment income received since 2014, the end of the consolidation of all pension assets in the UAPF, is about KZT6.4 trillion.
UAPF data as of July 1, 2022
As of July 1, 2022, pension savings in the amount of KZT13.4 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund, having increased over the year, that is, compared to July 1, 2021, by more than KZT616 billion (or 4.8%) .
In order to develop transfer agency services in remote settlements of the country, as well as to ensure the availability of pension services to the entire population of Kazakhstan, the UAPF, together with Kazpost JSC, continues to work on additional connection of Kazpost JSC divisions to the Fund's services.
The "Open Doors Day" has already become a traditional event for contributors and beneficiaries of the Unified Accumulative Pension Fund. UAPF employees once again held it in the virtual space. For the convenience of contributors and beneficiaries, our employees once again held it in the virtual space.