The size of the monthly pension benefit from the UAPF is determined as one twelfth of the annual amount of pension benefits, calculated in accordance with the provisions of the Decree of the Government of the Republic of Kazakhstan dated October 2, 2013 No. 1042 (Appendix 2 Methodology for calculating the amount of pension benefits). At the same time, the monthly pension payment from the UAPF is carried out in the amount of at least 70% of the minimal subsistence level. (Previously, the monthly pension payment from the UAPF was carried out in the amount of at least 54% of the minimal subsistence level).
A new service has appeared on the enpf.kz website
From January 2021, legislative norms came into force that provide citizens with the right to use part of their pension savings not only to improve housing conditions and (or) pay for medical treatment, but also to transfer to management companies (investment portfolio managers - IPM) to investment management.
UAPF JSC is constantly working to inform contributors (beneficiaries) about the status of their individual pension saving accounts (IPSA).
The Unified Accumulative Pension Fund in January alone, in the period from 01.01.2021 to 01.02.2021, provided its contributors with 4.2 million services. This is 2.6 times more than in the same period last year in 2020. It is worth noting that the growth was both in electronic services and in services provided in person in the branch offices of the UAPF.
From February 1, 2021, the UAPF began to transfer lump-sum pension benefits to special accounts of contributors opened in banks that are authorized operators.
As of February 1, 2021, the Unified Accumulative Pension Fund made benefit payments to 167,423 beneficiaries. In general, more than 172 thousand pension benefit payments, lump-sum pension benefits and transfers to insurance organizations were made for a total amount of KZT 73.8 billion, including:
- lump-sum pension benefits - KZT 49.6 bln
- transfers to insurance organizations - KZT 9.1 bln;
- payments upon reaching the retirement age - KZT 6.5 bln;
- payments by inheritance - KZT 5.9 bln;
- due to leaving for permanent residence - KZT 2.1 bln;
- payments for burial - KZT 0.4 bln;
- payments for disability - KZT 0.2 bln.
It should be noted that the amount of the average monthly benefit according to the schedule (in connection with reaching the retirement age) was KZT 25,886, and the maximum amount of the monthly beneditt was KZT 522,610.
UAPF basic indices as of February 01, 2021
As of February 1, 2021, pension accumulations in the amount of KZT 13.1 trillion were formed on the accounts of the contributors of the Unified Accumulative Pension Fund. For a year, i.e. from 02/01/2020 to 02/01/2021, the amount increased by KZT 2.2 trillion or by 21%.
The Unified Accumulative Pension Fund has a developed regional network, however, due to the massive territory of Kazakhstan, it is simply impossible to establish UAPF service offices in every remote region or settlement. In this regard, the Mobile Office project has been operating in the Unified Accumulative Pension Fund for the third year already. This is a modern minibus equipped with everything necessary to service contributors (beneficiaries), including modern satellite communications.
Having decided to transfer part of your pension savings to one or several investment portfolio managers (IPM), we recommend that you first familiarize yourself with the list of existing IPM and study their investment declarations on the website enpf.kz in the section "Services" - "Transfer of a part of pension savings into trust management of the IPM".