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As of August 1, 2020, pension accumulations in the amount of KZT12.1 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. For the year from 01.08.2019 to 01.08.2020, the amount increased by almost KZT1.9 trillion, or 19%. As you know, this amount includes pension contributions and investment income.
From January 1 to August 1, 2020, net investment income in the amount of KZT752.98 billion of net investment income was credited to the accounts of the UAPF contributors, which is KZT 389.77 billion more compared to the same period last year.
As of August 1, 2020, pension accumulations in the amount of KZT 12.1 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. For the year from 01.08.2019 to 01.08.2020, the amount increased by almost KZT 1.9 trillion, or 19%.
Obtaining a statement from your pension account is a legally enshrined right of contributors and beneficiaries of the UAPF. Today everyone can find out about the state of their savings in one of the several ways
In order to ensure the safety of the population and workers in quarantine conditions, the following operating modes of its regional branches are organized in the Unified Pension Accumulative Fund (UAPF).
The largest German insurance company and one of the world leaders in this industry, Allianz, has prepared a report on the quality of pension provision and the sustainability of national pension systems. The Allianz Global Pension Report used criteria for the financial stability of the pension system, demographics and the adequacy of pension benefits for 70 countries (data as of March 2020).
In Kazakhstan, due to the complication of the epidemiological situation and the increase in the incidence of coronavirus infection (COVID-19), a fourteen-day quarantine has been introduced since July 5 with a number of restrictive measures in order to prevent the spread of coronavirus.
Now the procedure for opening a pension account in the Unified Accumulative Pension Fund is simplified and does not require the personal presence of a contributor. In accordance with the amendments to the Law on Pension Provision of the Republic of Kazakhstan, to open an individual pension saving account (IPSA) for accounting for compulsory pension contributions (CPC), an individual does not need to contact the UAPF service offices in order to file an application for opening an IPSA.
Despite the ongoing quarantine in some cities of Kazakhstan in connection with the spread of coronavirus infection (COVID-19), contributors to the Unified Accumulative Pension Fund receive full services.