1) Good afternoon! I accidentally paid the ESP for the wrong month, how can I return the completed payment?
According to paragraph 12 of Rules No. 4, in order to refund the amounts of the ESP paid by mistake by the payer, bank or organization performing certain types of banking operations, an application is submitted to the State Corporation for the refund of the mistakenly paid ESP in the form defined by Rules No. 4, to which a copy of the payment document or a document confirming the payment of the ESP is attached.
On the basis of the agent's application, the State Corporation sends an electronic application to the UAPF for the refund of the mistakenly credited ESP amounts.
The UAPF returns to the State Corporation within two working days from the date of receipt of the electronic application with the attachment of the list of ESP payers and the indication of the number, date of the application.
Further, the State Corporation, upon receipt of the full amount of the ESP, within three business days from the date of receipt of the amounts, transfers them by payment order to the bank account of the ESP payer specified in the application for the refund of the erroneously paid ESP amounts.
In connection with the above, it is necessary to contact the branch of the State Corporation at the place of residence on the issue of making a refund of the erroneously credited ESP amounts or clarifying the details of the bank or organization that transferred the ESP amount to the State Corporation.
2) I am preparing to go on maternity leave in the near future, what will happen to my pension contributions, because I will not work?
After the birth of a child, you are entitled to state financial support for mothers who are on parental leave. In particular, one of the forms is subsidizing mandatory pension contributions (OPV) at the expense of budgetary funds. According to paragraph 4 of Chapter 2 of the Rules of the Order of the Minister of Health and Social Development of the Republic of Kazakhstan dated December 18, 2014 No. 330, the subsidization of OPV at the expense of budgetary funds is carried out monthly in favor of recipients of social benefits. That is, monthly, until the child is one year old, pension contributions will be transferred to the individual pension account of the mother through the State Corporation "Government for Citizens" at the expense of budgetary funds and funds of the State Social Insurance Fund.
Under the OPV subsidy system, the amount of women's pension contributions does not decrease and during the entire period of receiving social benefits for child care from the State Social Insurance Fund (GFSS) remains at the level of the woman's income from which the amount of social benefits for child care was calculated.
That is, the amount of mandatory pension contributions remains at the level of OPV (10% of income), deducted during the period of active labor activity before going on maternity leave. Thus, the 10% contribution is divided between:
4% - from the State Social Insurance Fund, deducting payments for child care (GFSS);
6% - from the Republican budget (subsidy).
For example, before the birth of a child, a woman's monthly salary was 150,000 tenge. On a monthly basis, 10% of the OPV of this amount, i.e. 15,000 tenge, was deducted to her individual pension account in the UAPF. After going on maternity leave, this contribution amount should remain, while 4% of income (6000 tenge) will be paid from the State Pension Fund, and 6% (9000 tenge) from the Republican budget due to subsidies.
It is worth noting that there is no need to collect documents or apply anywhere for the accrual of state subsidies. Subsidies are calculated and transferred to a woman's retirement account automatically when calculating child care benefits for up to one year.
3) Hello, I recently read that the investment income that is accrued to UAPF depositors can vary both in plus and minus. Therefore, I would like to ask who is investing our money in the UAPF or the National Bank? And why can't all the money just buy gold and wait for it to rise in price?
In accordance with Article 35 of the Law of the Republic of Kazakhstan "On Pension Provision in the Republic of Kazakhstan", the investment management of pension assets of the Unified Accumulative Pension Fund is carried out by the National Bank of the Republic of Kazakhstan. The body that performs the functions of developing proposals to improve the efficiency of management, investment directions and determining the list of financial instruments allowed to be acquired at the expense of pension assets of the unified accumulative pension fund is the Management Council of the National Fund of the Republic of Kazakhstan. The advisory body of the National Bank of the Republic of Kazakhstan is the Council for the Management of Pension Assets of the UAPF. The list of financial instruments allowed to be acquired at the expense of pension assets of the UAPF is approved by the decree of the Government of the Republic of Kazakhstan.
Regarding the second question, it is worth noting that the direction of all pension savings into one type of instrument is not allowed due to the basic principles of risk management. Therefore, portfolio diversification by types of currencies and instruments allows you to expand the geography of investments, the range of financial instruments acquired at the expense of pension assets, which ensures risk reduction and protection of the pension portfolio as a whole.
4) About five years ago, I opened an account with the UAPF. Unfortunately, I haven't had an official job lately and therefore I haven't made any deductions, have my savings already burned out?
Your retirement savings are your property and are stored in your individual retirement account until retirement age or other grounds for their payment. It is important to remember that the money in individual pension accounts is kept in the UAPF indefinitely and does not have a specific expiration date. In addition, investment income is constantly accrued on them. It is accrued daily at the end of each financial day on funds until they are exhausted, that is, even if you retire and already start receiving payments, the remaining savings continue to accrue investment income.
It should also be noted that the state guarantees the safety of mandatory pension contributions in the amount of the funds actually deposited, taking into account the inflation rate at the time the recipient acquires the right to pension payments (Article 5 of the Law of the Republic of Kazakhstan "On Pension Provision in the Republic of Kazakhstan").
5) Good afternoon! Next year my father is retiring, recently we looked at the statement and a small amount of about 900 thousand tenge has accumulated there, can you give out the whole amount at once?
In accordance with the provisions of the Rules for Pension Payments from pension Savings formed at the expense of mandatory pension contributions, mandatory occupational pension contributions from the unified accumulative pension fund, approved by the decree of the Government of the Republic of Kazakhstan, pension payments from the UAPF at the expense of mandatory pension contributions and mandatory occupational pension contributions from 01.01.2018 are carried out monthly according to the established schedule and you do not you can get them at a time.
Only if the amount of pension savings on the date of application does not exceed twelve times the minimum pension established by the law on the republican budget for the corresponding financial year, this amount is paid to the recipient from the UAPF at a time (in 2020, from 01.04.2020, this amount is equal to 485,292 tenge).