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Investment portfolios managed by the NBRK and IPM:
Results as of September 1, 2025
“UAPF” JSC (hereinafter referred to as the UAPF) presents a report on the management of pension assets by the National Bank of the Republic of Kazakhstan (hereinafter referred to as the NBRK) and investment portfolio managers (hereinafter referred to as the IPM) on the enpf.kz website in the section “Indicators - Investment Activity”.
The total volume of pension assets as of September 1, 2025 managed by the NBRK and the IPM amounted to 25,083.08 billion KZT. As of this date, the pension assets of the UAPF held in trust by the NBRK, formed at the expense of mandatory pension contributions (hereinafter referred to as MPC), mandatory professional pension contributions (hereinafter referred to as MPPC), voluntary pension contributions (hereinafter referred to as VPC), amounted to about 24,463.47 billion KZT[1]. The volume of pension assets formed at the expense of mandatory pension contributions of the employer (hereinafter referred to as the MPCE), which are in trust management of the NBRK, is 551.25 billion KZT.
Pension assets managed by the IPM amounted to more than 68.36 billion KZT.
Investment portfolio of pension assets managed by the NBRK
The National Bank, as a trustee of UAPF pension assets, pursues a balanced investment policy: it invests in various types of financial instruments by currency, country, sector and issuer.
As of September 1, 2025, the main areas of investment of pension assets formed at the expense of MPC, MPPC, VPC are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 42.58%, bonds of quasi-public companies – 8.85%, bonds of second-tier banks of the Republic of Kazakhstan – 2.78%, deposits of the NBRK – 2.14%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 1.77%, MFIs – 1.20%.
As of September 1, 2025, the investment portfolio in terms of currencies in which financial instruments purchased at the expense of MPC, MPPC, APC are denominated is as follows: investments in the national currency – 57.33%, in US dollars – 42.67% of the portfolio of pension assets.
From the analysis of the structure of income received, it follows that income in the form of interest on securities, including placed deposits and reverse repo transactions, amounted to 1,277.10 billion KZT, income from revaluation of foreign currency, except for assets under external management, amounted to 139.12 billion KZT, income from assets under external management, including taking into account exchange rate revaluation, amounted to 456.19 billion KZT, other income - 5.16 billion KZT. The market revaluation of securities was negative.
The amount of accrued investment income for the last 12 months from September 2024 to August 2025 amounted to about 2.74 trillion KZT, the yield for this period was 12.60% with inflation of 12.20%.
As of September 1, 2025, the directions of investment of the MPCE are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 97.58%, deposits of the NBRK - 2.22%, cash on investment accounts - 0.20%.
The investment portfolio at the expense of the MPCE includes only financial instruments denominated in the national currency.
As of September 1, 2025, the yield on compulsory pension insurance over the past 12 months was 7.64%.
Recall that pension savings are long-term investments. Therefore, it is advisable to analyze the amount of investment income for a period of at least one year. In some periods, there may be a decrease in profitability due to the volatility of foreign exchange rates, changes in the market value of financial instruments, as well as the impact of inflation. Diversification of the investment portfolio, when the income on some instruments covers temporary losses on others, ensures the safety and sustainable profitability of pension savings in the long term. Thus, investment income in dynamics over the past 3 years shows stable growth, the return on pension assets exceeds the inflation rate.
A detailed structure of the investment portfolio of financial instruments managed by the NBRK with an indication of issuers and an overview of investment activities are posted on the official website of the UAPF. Also on the website enpf.kz is information on the structure of the portfolio for pension assets formed at the expense of the MPCE.
Investment Portfolio Managers
The total volume of pension assets managed by the IPM is more than 68.36 billion KZT.
As of 01.09.2025, pension assets held in trust by “Alatau City Invest” JSC amounted to 12.74 billion KZT.
The main investments of the company are: government securities of the Ministry of Finance of the Republic of Kazakhstan – 18.59%, Exchange Traded Funds (ETF) units – 16.76%, bonds of second-tier banks of the Republic of Kazakhstan – 16.29%, REPO – 16.14%, bonds of quasi-public organizations of the Republic of Kazakhstan – 11.33%, corporate bonds of foreign issuers – 6.17%, MFOs – 5.90%, corporate bonds of issuers of the Republic of Kazakhstan – 5.82%, government securities of foreign states – 2.77%. It should be noted that 75.09% of the portfolio is represented in KZT, 23.47% in US dollars, 1.43% in other currencies.
As of September 1, 2025, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of contributors (recipients), amounted to 10.94%.
A detailed structure of the investment portfolio of financial instruments managed by “Alatau City Invest” JSC with an indication of issuers is presented on the UAPF website.
As of 01.09.2025, pension assets held in trust by “Halyk Global Markets” JSC amounted to 6.42 billion KZT.
The main investments in the portfolio structure are as follows: REPO (no more than 90 calendar days) – 44.31%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 10.41%, corporate bonds of foreign issuers – 9.54%, bonds of second-tier banks of the Republic of Kazakhstan – 8.73%, equity instruments of foreign issuers (ETF Units) – 7.49%, corporate bonds of organizations of the Republic of Kazakhstan – 5.25%, bonds of quasi-public organizations of the Republic of Kazakhstan – 4.99%, securities with the status of government issued by central foreign governments – 3.84%.
Investments in national currency accounted for 76.27% of the portfolio, in US dollars - 23.73%.
As of September 1, 2025, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of contributors (recipients), amounted to 12.59%.
A detailed structure of the investment portfolio of financial instruments managed by “Halyk Global Markets” JSC with an indication of issuers is presented on the UAPF website.
As of 01.09.2025, the pension assets of the UAPF held in trust by “BCC Invest” JSC amounted to 7.67 billion KZT.
Main areas of investment: bonds of second-tier banks of the Republic of Kazakhstan – 25.92%, bonds of quasi-public organizations of the Republic of Kazakhstan – 16.53%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 15.71%, REPO – 12.33%, corporate bonds of issuers-residents of the Republic of Kazakhstan – 12.25%, corporate bonds of foreign issuers – 11.61%.
Investments in national currency accounted for 74.12% of the portfolio, in US dollars - 25.88%.
As of September 1, 2025, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of contributors (recipients), amounted to 12.85%.
A detailed structure of the investment portfolio of financial instruments managed by “BCC Invest” JSC with an indication of issuers is presented on the UAPF website.
As of 01.09.2025, the pension assets of the UAPF held in trust by “Centras Securities” JSC amounted to 2.98 billion KZT.
17.81% were invested in bonds of quasi-public organizations of the Republic of Kazakhstan, bonds of second-tier banks of the Republic of Kazakhstan – 17.48%, corporate bonds of issuers of the Republic of Kazakhstan – 16.33%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 16.05%, REPO – 9.30%, US government bonds – 5.40%, shares and depositary receipts of foreign issuers – 3.83%, shares and depositary receipts of issuers-residents of the Republic of Kazakhstan – 3.42%.
Investments in national currency accounted for 69.03% of the portfolio, in US dollars - 30.97%.
As of September 1, 2025, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of contributors (recipients), amounted to 16.14%.
A detailed structure of the investment portfolio of financial instruments managed by “Centras Securities” JSC with an indication of issuers is presented on the UAPF website.
As of 01.09.2025, pension assets held in trust by “Halyk Finance” Subsidiary Halyk Bank of Kazakhstan” JSC amounted to 38.55 billion KZT.
The main investments in the portfolio structure are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan – 23.31%, REPO – 16.96%, bonds of second-tier banks of the Republic of Kazakhstan – 9.78%, corporate bonds of foreign issuers – 9.52%, government securities of foreign countries – 8.59%, MFOs – 8.47%, Exchange Traded Funds (ETF) units – 6.51%, corporate bonds of issuers of the Republic of Kazakhstan – 5.62%, bonds of quasi-public organizations of the Republic of Kazakhstan – 3.14%, shares and depositary receipts of foreign issuers – 2.79%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 2.70%.
59.33% of the portfolio was invested in instruments in the national currency, and 40.67% in US dollars.
As of September 1, 2025, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of contributors (recipients), amounted to 13.25%.
A detailed structure of the investment portfolio of financial instruments managed by “Halyk Finance” Subsidiary Halyk Bank of Kazakhstan” JSC with an indication of issuers is presented on the UAPF website.
As a reminder, from July 1, 2023, depositors can transfer no more than 50% of pension savings to trust management at the expense of mandatory pension contributions (MPC) and mandatory professional pension contributions (MPPC) without taking into account the minimum sufficiency threshold by the investment portfolio manager (IPM), choosing such a company on their own. Depositors who have voluntary pension savings can transfer them to their IPM in the amount of 100%.
The UAPF was established on August 22, 2013 on the basis of NPF “GNPF” JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution “State Property and Privatization Committee” of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory pension contributions of the employer, mandatory professional pension contributions, voluntary pension contributions, as well as crediting and accounting for voluntary pension contributions formed at the expense of the unclaimed amount of guarantee compensation for the guaranteed deposit, transferred by the organization carrying out mandatory deposit insurance, in accordance with the Law of the Republic of Kazakhstan “Concerning Compulsory Insurance of Deposits Placed in Second-Tier Banks of the Republic of Kazakhstan” ensures the implementation of pension payments. The Fund also carries out accounting of target assets and target claims, accounting and crediting of targeted savings (TS) to target savings accounts, payments of TS to their recipient to bank accounts, accounting of TS returns in the manner determined by the Government of the Republic of Kazakhstan within the framework of the program “National Fund for Children”. (More details on www.enpf.kz).
[1] excluding money in the accounts of pension contributions and payments
Accrued investment income of Kazakhstanis for 12 months
reached 2.74 trillion KZT
Over the past 12 months, as of September 1, 2025, the accrued investment income of Kazakhstanis reached 2.74 trillion KZT. The return on pension assets of the UAPF at the expense of MPC, MPPC, VPC amounted to 12.60% with inflation of 12.20%. The yield on the MPCE for the last 12 months as of 01.09.2025 is 7.64%.
At the same time, the net investment income of Kazakhstanis for 8 months of this year amounted to 1,270.99 billion KZT. Of these, 1,265.72 billion KZT accounted for income from investing pension savings at the expense of mandatory pension contributions (MPC), mandatory professional pension contributions (MPPC), voluntary pension contributions (VPC), depositors and recipients credited to individual pension accounts (IPA). Net investment income from investing pension savings at the expense of mandatory pension contributions of the employer (MPCE) credited to conditional pension accounts (CPA) of Kazakhstanis amounted to 5.26 billion KZT.
The accumulated investment return in the long term exceeds inflation. Since the foundation of the funded pension system in 1998, as of September 1, 2025, the cumulative return amounted to 979.95%, with inflation for the entire period of 827.78%.
As a reminder, investment income is generated by remuneration on financial instruments (securities, deposits and other transactions), on assets under external management, as well as through market and currency revaluation of financial instruments. To ensure the safety of pension savings and stable profitability, the NBRK and private investment portfolio managers (IPM) carry out constant diversification of the investment portfolio – they place assets in various financial instruments and currencies, regularly adjusting its structure depending on market conditions.
The entire system of investment management and accounting of pension assets is transparent: each depositor has the opportunity to see his investment income in his personal account on the www.enpf.kz website or in the mobile application.
Information on the investment management of pension assets of the UAPF and on the financial instruments in which the pension assets of the UAPF are placed is published on the www.enpf.kz website in the section “Statistics and Analytics/Investment Management of Pension Assets”.
You can also get a lot of interesting and useful information on the YouTube channel of UAPF.
The UAPF was established on August 22, 2013 on the basis of NPF “GNPF” JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution “State Property and Privatization Committee” of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory pension contributions of the employer, mandatory professional pension contributions, voluntary pension contributions, as well as crediting and accounting for voluntary pension contributions formed at the expense of the unclaimed amount of guarantee compensation for the guaranteed deposit, transferred by the organization carrying out mandatory deposit insurance, in accordance with the Law of the Republic of Kazakhstan “Concerning Compulsory Insurance of Deposits Placed in Second-Tier Banks of the Republic of Kazakhstan” ensures the implementation of pension payments. The Fund also carries out accounting of target assets and target claims, accounting and crediting of targeted savings (TS) to target savings accounts, payments of TS to their recipient to bank accounts, accounting of TS returns in the manner determined by the Government of the Republic of Kazakhstan within the framework of the program “National Fund for Children”. (More details on www.enpf.kz).
Ауданымызда Наурыз мейрамы кең көлемде аталып өтті.
Ең алдымен, атажұртқа Түркістан, Шардара, Қарағанды, Балқаш, Ақтоғай, Қызылқұм, Алматы, Астана қалаларынан арнайы келген қонақтарды құрметпен қарсы алды.
Қарауыл төбеде өткен Наурыз мейрамы “Абай даналығы- әз-Наурыз жаңғырығы” театрландырылған қойылыммен басталды.
Аудан әкімі Мейіржан Серікбосынұлы аудан тұрғындары мен қонақтарын Наурыз мейрамымен құттықтап, мейрамның маңызына кеңінен тоқталып, ізгі ниетін білдірді.
Мерекелік шарада Абай Құнанбайұлының 180 жылдық мерейтойының аудан көлемінде ашылуы өтті. Ақынның даналық, нақыл сөздері жазылған 1000 шар бір мезетте көкке ұшырылды.
Көрермендерге “Қаламқас” халық ән-би ансамблінің мерекелік бағдарламасы ұсынылып, ұлттық спорт түрлерінің жарыстар ұйымдастырылды.
Қол күресі, арқан тарту, гір көтеру, асық ату, садақ ату, жілік шағу, тай көтеру сайысы, тай жарысы мен тазы тұқымды иттер жарысы өтіп, жеңімпаздар арнайы сыйлықтармен марапатталды.
Сондай-ақ, мекеме, бөлім қызметкерлері және жеке кәсіпкерлер жиналған халыққа арнайы мейрамның басты тағамы наурыз көже мен ұлттық тағамдарынан дәм ұсынды.
Шараны ұйымдастыруға атсалысқан барлық мекеме, бөлім басшыларына, ауылдық округі әкімдері мен қызметкерлеріне алғыс айтамыз.
ANNOUNCEMENT
Kazakhstan's pension system has improved its position in the international Allianz rating
Leading insurance company Allianz[1] has released a new edition of the Global Pension Report, containing an analysis of the pension systems of 71 countries using its own Allianz Pension Index (Index), according to which Kazakhstan took 26th position, ahead of Austria, Spain, Chile, Singapore, Hong Kong, China and many other countries (in 2023, Kazakhstan took 34th place out of 75 countries in the Index).
The Allianz Pension Index (API) is designed to comprehensively assess the sustainability and adequacy of pension systems. It consists of three sub-indices and takes into account 40 parameters assessed on a scale from 1 to 7, where 1 means the best result. The API index of the Kazakhstan pension system was 3.5 points.
According to the first sub-index, which assesses the pace of demographic change, public debt and general standard of living, Kazakhstan's score was 4.1 points (in 2023 - 3.5 points). This indicator is the highest in the UAE (2.3 points), Australia (2.6 points) and Israel (2.9 points).
According to the second sub-index, which assesses the sustainability of the pension system, Kazakhstan scored 3.6 points (in 2023 - 3.6 points). The best results in this sub-index are demonstrated by Indonesia, Denmark and Bulgaria (with scores from 2.1 to 2.3), mainly due to the increase in the retirement age and the introduction of funded components in their pension systems.
According to the third sub-index, which assesses the extent to which the pension system can provide an adequate (sufficient) standard of living in old age, the Kazakh pension system scored 3.2 points (in 2023 - 3.3 points). Denmark, the Netherlands and New Zealand are the leaders in this rating (with scores from 1.7 to 2.0), have strong funded components of the second and third pillars of the pension system.
According to the Report, the average score for all pension systems analyzed was 3.7 points. The country with the best pension system according to Allianz, as in 2023, was Denmark with a score of 2.3 points, followed by the Netherlands and Sweden (2.6 points), then Japan, which displaced New Zealand and took fourth place in the index, scoring 2.7 points, New Zealand scored 2.8 points, Israel - 3 points, Australia, Great Britain, Norway and the USA - 3.2 points each.
The lowest positions in the ranking are occupied by the pension systems of Morocco, India, Laos, Malaysia, Sri Lanka (from 4.5 to 5 points). In these countries, the most acute problems are low coverage of the population by the pension system, which is caused by the prevalence of informal employment.
The report focuses on population ageing, noting that the latest UN projections show that the number of people aged 65 and over will nearly double over the next 25 years, from 857 million today to 1,578 million in 2050. Falling fertility rates are slowing the growth of the working-age population, and by mid-century there will be 26 people over 65 for every 100 people aged 15 to 64, compared with 16 today. Across the 71 countries analysed, representing 75% of the world’s population, fertility rates range from 0.7 children per woman in Hong Kong to 4.4 in Nigeria. These countries also represent the high and low ends of life expectancy, which averages 85.6 years in Hong Kong and 54.6 years in Nigeria. Dependency ratios (DRRs), which measure the number of people of retirement age per 100 people of working age, vary greatly across countries. In most industrialized countries, the overall DDR is a cause for concern, while in many developing countries, the rapid rate of ageing is a cause for concern. The countries with the fastest ageing rates are Hong Kong, South Korea, Taiwan and Saudi Arabia. However, in 2050, the top 20 “oldest” countries in the world will mostly be EU member states: Italy, Spain, Greece and Portugal will have DDRs above 60%. Nigeria, Kenya and Pakistan will have the youngest populations due to still high birth rates and relatively low life expectancy.
Allianz experts emphasize that one way to mitigate the impact of demographic changes on the pension system is to supplement the state pension system with a funded element.
The Report also notes that the main purpose of a pension system is to protect against the risks of longevity and poverty in old age, and to ensure a decent standard of living in old age. Therefore, when reforming or creating pension systems, policymakers should consider not only their long-term sustainability, but also their adequacy. If public pension systems are unable to provide a decent standard of living in old age, then additional tax-advantaged or state-subsidized pension products, occupational and private pension plans should be available.
Countries that need less reform in terms of the adequacy of the pension system are Denmark, the Netherlands and New Zealand, where additional occupational savings plans and private pension provision are already a core element of the pension systems.
The adequacy of pension systems is also determined by the income replacement ratio (IRR). The average gross IRR in public pension systems of the analyzed countries is 53%, with rates ranging from 8% in South Africa to 88% in Brazil. The IRR in Kazakhstan by the end of 2024 was 41%. However, the International Labor Organization (ILO) notes that due to pension reforms, the level of pension payments in some European countries threatens to fall below the recommended minimum level of 40-45% of earnings after 30 years of contributions, which confirms the urgent need to strengthen additional funded tiers of pension systems.
The Allianz Report asks whether public pension systems are able to cope with demographic challenges in the context of declining birth rates and increasing life expectancy. A comprehensive analysis of pension systems in different countries concludes that systems financed on a pay-as-you-go basis, in which contributions from the working population are used to finance the pensions of current pensioners, cannot guarantee their long-term financial sustainability and a decent standard of living in old age with adequate pension benefits.
The challenge is to find a balance between ensuring the sustainability and adequacy of pension systems and creating the necessary conditions for additional funding of pensions through the funded component. In addition, allowing older workers to continue working is also important to keep public pension systems in balance.
The report therefore concludes that the “ideal” pension system is the right balance between a public (pay-as-you-go) pension system and a funded pension system. Countries that combine the two are best prepared to cope with demographic change and ensure the sustainability of the pension system and the adequacy of pension benefits in the long term. However, well-functioning labour markets are a prerequisite for the successful implementation of any pension reform, which means increasing the share of formal employment in emerging markets and adapting labour markets to the needs of an ageing workforce in industrialized countries.
The Allianz Global Pension Report “Time to Move from Words to Action” fact sheet and the Allianz report on the results of the analysis of the world's pension systems in 2025 are available here:
https://www.enpf.kz/ru/indicators/obzory-mezhdunarodnykh-ekspertov/mezhdunarodnye-reitingi
UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).
[1] Allianz Group is a world leader among insurance companies and asset managers, serving 125 million private and corporate clients in almost 70 countries. As part of its activities, Allianz provides a wide range of personal and corporate insurance services, including property insurance, life and health insurance, assistance services, credit insurance and international business insurance. In addition, the company is actively engaged in conducting research in various areas of the economy, including publishing reports on the analysis of pension systems around the world.
ANNOUNCEMENT
Adults or those reaching 18 years of age in 2025, Kazakhstanis independently check their funds within the framework of the National Fund for Children program
For the second year, the program National Fund for Children has been implemented, according to which 50% of the foreign currency part of the investment income of the National Fund of the Republic of Kazakhstan is annually distributed among children-citizens of Kazakhstan who were born in 2006 and later. Young Kazakhstanis born in 2006-2007, who have reached 18 years of age in 2024-2025, are transferred target savings (TS) to target savings accounts (TSA) opened in the UAPF. They can use these funds to improve their housing conditions and (or) pay for education. In connection with the increasing number of requests to the UAPF from the legal representatives of program participants regarding the lack of information on the e-government Internet resources (website and in the eGov Mobile mobile application) about the price tags accrued to their children born in 2006 and 2007, the UAPF explains that citizens who are adults or will reach 18 years of age in 2025 must independently obtain information about their price tags through their personal account on Internet resources UAPF or e-government. Thus, the UAPF, in accordance with Kazakh legislation, guarantees the secrecy of the TS of their recipients, including information about balances and the movement of money on their TSA.
The procedure for paying TS and using them to improve housing conditions and / or pay for education is determined by:
- The Rules for the formation and accounting of target requirements, target savings and payments of target savings, as well as the accrual of target requirements, approved by the Decree of the Government of the Republic of Kazakhstan dated January 18, 2024 No. 16;
- the Rules for the use of payments of target savings from a single accumulative pension fund for the purpose of improving housing conditions in accordance with the legislation of the Republic of Kazakhstan, approved by order of the Minister of Industry and Construction of the Republic of Kazakhstan dated February 26, 2024 No. 76;
- the Rules for the use of payments of target savings from a single accumulative pension fund for the purpose of paying for education in accordance with the legislation of the Republic of Kazakhstan, approved by a joint order of the Minister of Science and Higher Education of the Republic of Kazakhstan dated February 7, 2024 No. 51 and the Minister of Education of the Republic of Kazakhstan dated February 12, 2024.
The step-by-step algorithm for using TS can be presented as follows:
For your information, we inform you that for 2023, all TS recipients were credited with 100.52 US dollars, for 2024 - 129.38 US dollars. Children who received their first funds from the National Fund in 2023, with the exception of persons born in 2006, were credited with investment income in the amount of 3.04 US dollars this year. As a result, the target savings of a child born in 2006 are 100.52 US dollars, and those born in 2007 - 232.94 US dollars.
Let us remind you that TS are transferred in US dollars and stored on TSA in UAPF for 10 years. If during this period the citizen does not use these funds, they are transferred to his individual pension account for recording voluntary pension contributions to UAPF, which is automatically opened in his name, in tenge at the official rate of the National Bank of the Republic of Kazakhstan on the date of transfer. Receipt of savings from a voluntary pension account will be carried out in accordance with the legislation of the Republic of Kazakhstan.
You can familiarize yourself with the terms of the program, get instructions, answers to your questions on the website kids.enpf.kz and on the БЖЗҚ ЕНПФ YouTube channel. We also note that a video instruction on the implementation of the "National Fund for Children" program, the algorithm of actions before and after the child reaches adulthood is posted on the БЖЗҚ ЕНПФ YouTube channel at the link: https://www.youtube.com/watch?v=HHQNAxfskX8.
REFERENCE:
As of February 1, 2025, over 12 months of the implementation of the National Fund for Children program, UAPF JSC has executed (transferred to authorized operators for crediting to applicants' bank accounts) 62,697 applications for about 6.30 million US dollars. Of these, 36,119 applications for the amount of more than 3.63 million US dollars were executed for the purpose of improving housing conditions, and 26,578 applications for the amount of about 2.67 million US dollars were executed for paying for education. Let us remind you that the recipient of target savings has the right to use the entire amount or part of it, the remainder of the unused amount remains in the target savings account (TSA).
Detailed information on payments of target savings for the purpose of improving housing conditions and (or) paying for education by authorized operators, regions and sub-goals can be found on the website enpf.kz
UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).
ANNOUNCEMENT
We invite you to an Open Doors Day at UAPF JSC:
Pension benefits – the result of pension savings
As part of outreach work among the population, on March 13, 2025, UAPF JSC will hold an Open Doors Day on the topic “What benefits can be received from the UAPF and how to calculate your future pension?”
Pension benefits are the result of pension savings and the result of labor activity of citizens. Pension provision of Kazakhstanis at the present stage is carried out from two sources. These are benefit payments from the state budget (basic and solidarity pensions), pension benefits from the Unified Accumulative Pension Fund at the expense of individual compulsory pension contributions (CPC) of the employee and, in certain cases, compulsory occupational pension contributions (COPC) for workers employed in hazardous production, mandatory employer compulsory pension contributions (ECPC) for workers born in 1975 and later, as well as voluntary pension savings of citizens (VPC).
At an online meeting on an open day organized by the UAPF, we will talk about pension benefits from the UAPF, where Fund specialists will talk about their types: in connection with reaching retirement age; establishing disability of the first and second groups, if the disability is established indefinitely; the death of the CPC contributor, an individual for whom the COPC, VPC, or the beneficiary of pension benefits are transferred; moving to a permanent place of residence outside of Kazakhstan; persons who have reached the age of 55, for whom the COPC has been paid in total for at least 84 months at the time of applying for a pension benefit; citizens of the EAEU member states. It will also be explained how the amount of pension benefits is calculated, what is the procedure for receiving lump-sum and monthly benefits, what requirements exist for retirement and the factors affecting its size, what options are available for receiving payments from pension savings formed in the funded system, how you can develop a personal pension savings plan, etc. Particular attention will be paid to explaining the concept of the “income replacement ratio,” which determines what portion of the contributor’s earnings will be received as a pension.
During the event, UAPF employees will explain the payment mechanism in an accessible and understandable form using practical examples, answer questions of interest and provide consultations.
We invite everyone, as well as media representatives, to the online meeting. We hope that the information received will be useful for journalists to understand and cover the topic of pension benefits, as well as for all participants of the meeting.
Registration is required to participate in the event.
Please follow the link at 10:00 am.
https://enpf.webex.com/weblink/register/r08319bc1a5c72ce0659ee6c0174ab257.
Event meeting number: 2517 712 5981.
Event meeting password: 2025.
Please follow the link at 12:00 am.
https://enpf.webex.com/weblink/register/r42f4c6c96eb48f788bf959ba520377e4.
Event meeting number: 2514 991 1227.
Event meeting password: 2025.
Please follow the link at 14:00 am.
https://enpf.webex.com/weblink/register/r44d4bfb181f8407efbd52cdb5071dcb0
Event meeting number: 2517 055 6014.
Event meeting password: 2025.
UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)
An agricultural fair with the participation of farmers of the district was held in the Severny shopping center in Semey.
In winter, a large number of citizens gathered at the fair, presenting the products in demand.
At the fair, 1,500 kg of beef, 600 kg of horse meat, 400 kg of lamb, 150 liters of kumis, 20 kg of bakery products, 50 kg of semi-finished products, 30 kg of sausages, 30 liters of dairy products at prices below market prices were presented.
Also, employees of the regional house of culture presented a concert program to the guests of the fair and distributed hot tea. The district department of physical education, sports and tourism organized sports games that allowed participants to test their strength.
Today, an agricultural fair has been held in the Uralsk district, which has become an ancient tradition. In accordance with the instructions of the district Akim, The Department of agriculture, land relations and entrepreneurship of the district held a large-scale Fair in order to stabilize food prices.
At the fair, potatoes, carrots, cabbage, onions were sold at 1 kg for 120 tenge, which is 2-3 times cheaper than the market price.
In addition, at the fair it was possible to buy beef -2200 tenge, eggs -50 tenge, feed (Bran) -25 kg -1100 tenge. Borodulikha's honey, various types of fish, dairy products, chicken meat were traded.
Ардагер the public organization of Veterans "Abay ulagaty" came from afar on a cold day, thanked the merchants and sellers, handed out hot tea and pies.
Ерекше in order to increase the potential of the population of the district, we express special gratitude to the entrepreneurs who presented their products at low prices.
"In particular, to the director of" "AI-AR" "LLP Kabdrakhmanov Erbol, who so far participated in the sale of Bran feed at a reduced price, to the general director of JSC" "East Kazakhstan flour and mixed feed combine" "Talap Baigalievich, who contributed to the sale of Bran feed at a reduced price at today's fair, to the director of" "SEMEI QUS ""limited liability company Marat Mautkanovich, the representative of ""entrepreneurial social Corporation ""Abay Zhanbolatovich, the representative of ""Vostochny broiler "" LLP Toleuzhan, who presented chicken meat sagymbekuly, we would like to thank Aydin Moldashov, Marzhangul Dyusenbayeva, Nesipgul Baldybaeva and Alexander Mikhailovich, the head of the individual entrepreneur "Vyshkovskaya", who offered Borodulikha honey.
🔹For the benefit of the population, we hope that the Fair will be organized on a regular basis in the future and will have a positive impact on the stabilization of food prices.
A festive evening of awarding the best people who have made their contribution to the socio-economic development of the district and are recognized as the best in their growth and prosperity was held in the Nomination "Best of the year –2024". At the event, akim of the district Meirzhan Serikbosynovich congratulated the residents of the district on the new year and made a report on the work done in the district in 2024. After that, for fruitful work in 2024, the honorary diploma of the minister of Culture and information of the Republic of Kazakhstan Aida Balayeva, archivist of the archive of Abay district Kanat Baibotayuly Orynbay and the winners of the nomination "promotion of traditions and Customs" in the contest "Dostyk-2024", held among ethno-cultural associations of the region in Abay region, were awarded a certificate of Akim of the Abay region of the public Association of the Kazakh Cultural Center "Nur-Sana" and a memorable gift. A letter of thanks from the Akim of Abay region was presented to the employees of KSE "Riza" Sovet Skakovich and Zhandos Sabitovich. Working people who have made a significant contribution to the social and economic development of Abay's courtyard Bazarbayev Yeradil Zhumadilovich, Ibraev Bauyrzhan Tlektesovich, Smailov Sovet Tursynakhunovich, Azimbay Zagipa Aitkazykyzy, Mukhametkalieva Layla, Mynysheva Saule Seksenbaykyzy were awarded the medal "El Algiers" of Abay district. Those who worked hard for the development of the well-being of the district, who were recognized as the best, were awarded the Nomination "Best of the year-2024". - "Man of Labor-2024 "- Bekshoinov Kuanysh Bekshoynovich - "Baba Rukh-2024" - Baltabek Nurgalievich - "Information rush-2024" - Myrzakasimov asset Medeukhanovich - "The best entrepreneur2024 "- Magauin Makhmut Nygmetovich"Atymtai Zhomart-2024" - Kabdrakhmanov Yerbol Gazizovich - "Zhanashyr Zhan - 2024" - Kuat Tursynkhanovich Uzbekkhanov - "Excellence in agriculture-2024" - Orazalin Chagan Kayyrlykanovich"Zhaksylyk zharshysy-2024" - Kaliyev Kuat Barysovich - "Tugan zher tugyrym-2024" - Olumbayev Dastan Toleubekovich - "Kamkor zhurek-2024" - Nugymarov Aybek Serikbolovich - "Life support - 2024" - Baigozin Spatay Slyamgalievich - "Excellence in education-2024" - Tastekeeva Bayan Malikovna"Tagzym to the nobility-2024 "- Isabaev Shagzhan Bekenovich"Nursing-2024" - Tusupzhanova Gulzhan Myrzagazykyzy - "Madeniyet maitalmany-2024 "- Aitbaeva Aria Ashmanovna - "Excellence in finance-2024" - Imangalieva Zukhra Alimkhanovna - "The best civil servant-2024 "- Mautkan Sandugash Kenesbekovna - "The best teacher-2024" - Kabylanbekova Zhulduz Adilgazykyzy - "Savior of the year-2024 "- Bokanov Eldos Sabitovich - "Sanaly urpak-2024" - Zharasbayev Zharkyn Askarovich - "The best age-2024" - Dinslyamov Nursultan Nysanbekovich - "Excellence in law enforcement-2024" - Meiramgaliyev Ruslan Meirzhanovich - "Best athlete-2024" - Bolatbek Bekzat Nurlanovich The festive evening continued with a concert program of the folk song and dance ensemble" Kalamkas".
The Government for Citizens State Corporation informs that due to the celebration of the New Year, the country's PSC and special centers will not work from January 1 to January 3
At the same time Saturday January 4is a working day for those on duty at public service centers The reception will be held from 900 to 1300 On January 5 and 6all the centers of the country will operate as usual
Since Orthodox Christmas is celebrated in Kazakhstan on January 7 this day is a weekend for PSCs and special PSCs We remind you that on weekdayspublic service centers receive citizens from 900 to 1800
Public service centers on duty are open from Monday to Friday from 900 to 2000 and on Saturday from 900 to 1300 Note that the current addresses of the public service centers on duty can be found on the official page of the State Corporation on Instagram as well as by calling 1414