ANNOUNCEMENT
New Functions of the Pension Calculator
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:
The UAPF pension calculator has been supplemented with new features for contributors.
Firstly, the pension calculator allows you to calculate pension benefits in the event of a planned withdrawal of savings. The user can choose:
- the year and the desired amount of withdrawal of pension savings,
- a method of withholding individual income tax (IIT) from the withdrawal amount - at a time (in full, at the time of withdrawal of savings from the UAPF) or monthly (in equal shares, in the future upon receipt of pension benefits from the UAPF).
Secondly, the calculation of the increase in benefits from the UAPF for employees who have worked in hazardous industries for at least 60 months has been added to the calculator, taking into account the statutory correction factor.
Thirdly, the calculator allows you to see the dynamics of pension benefits in the event that a part of pension savings is transferred by an investment portfolio manager (IPM).
Recall that in order to calculate your pension, you need to fill in the required fields in the "Input data" block, such as date of birth, gender, length of service, amount of savings, and so on. If you are registered in your Personal Account on the enpf.kz website, then the basic data in the calculator will be filled in automatically.
The results are reflected in the “Forecast your pension” block and include the age and date of retirement, the number of years until the savings are depleted (in the case of benefits from the UAPF), the projected salary at the time of retirement and the income replacement rate for the forecast pension, as well as the dynamics of changes in the forecast pension by years in the form of a graph and a table. For workers in harmful and dangerous professions, an increasing correction factor is taken into account. If the predicted amount of pension savings by reaching retirement age is sufficient to purchase a lifelong pension annuity from an insurance company, the calculator will offer to calculate this type of pension provision - annuity benefits.
In order to show the user the possible options for pension payments, taking into account changes in the assumptions on the level of return, the results are given in three scenarios - pessimistic, realistic and optimistic. In each scenario, you can see the dynamics of pension payments if the contributor transfers part of his pension savings to the IPM.
Thus, the user can evaluate the amount of his future pension and choose the most preferable one: with and without early withdrawal of pension savings for housing and (or) medical treatment, in the case of investing pension savings through the choice of the IPM, as well as in the case of concluding a pension annuity agreement.
The results of pension calculations are forecast, and not a guarantee of benefits. It should be borne in mind that the size of the future pension of each contributor depends on his pension savings. The amount of savings is influenced, first of all, by the amount of pension contributions, the regularity and completeness of their payment, as well as investment return. All calculated results of the forecast pension calculator are presented in real value terms (that is, already taking into account the influence of inflation in the corresponding forecast period).
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)
How many times can I withdraw the amount of my pension savings above the sufficiency threshold?
The Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan provides that a lump-sum pension benefit is the amount of pension savings formed at the expense of the CPC and COPC, withdrawn by the contributor (beneficiary) from the UAPF in order to improve housing conditions and (or) pay for medical treatment, in in the manner prescribed by law.
The Law also states that pension savings are the money of a contributor (rbeneficiary) recorded on their individual pension saving account, including CPC and COPC and voluntary pension contributions, investment income, penalties and other receipts in accordance with agreements, this Law, legislation Republic of Kazakhstan.
If the minimum adequacy threshold allows you to use your pension savings, you can apply for lump sum pension benefits above the adequacy threshold an unlimited number of times.
Does it make sense to use an annuity now, and if so, what are the opportunities for this?
A pension annuity is an agreement with an insurance organization, according to which you can start receiving a pension ahead of schedule.
To conclude an agreement, it is necessary to have a sufficient amount of pension savings in the UAPF, which will ensure payments of at least 70% of the subsistence minimum. The exact calculation is made in the insurance organization.
The following categories of citizens who have a sufficient amount of pension savings in the UAPF can transfer them to an insurance organization:
🔹 reached retirement age;
🔹 who have reached the age of 45 (with deferred annuity);
🔹 having a disability of 1 or 2 groups established indefinitely;
🔹 who have reached the age of 40, for whom the compulsory occupational pension contributions (COPC) have been paid in the aggregate for at least 60 calendar months.
Here it is necessary to clarify that a deferred pension annuity is a product that allows you to transfer pension savings to a life insurance company from the age of 45 and start receiving benefit payments from them until you officially retire (men upon reaching 55 years old, women upon reaching 52.5 years old from January 1, 2022 with an annual increase in the retirement age of women by half a year until reaching the age of 55 in 2027).
Further, in case of insufficiency of pension savings formed at the expense of CPC and/or COPC, pension savings formed at the expense of VPC can be used to conclude a pension annuity agreement.
If the amount of pension savings on the IPSA exceeds the amount of the pension annuity agreement, this difference is paid to the contributor (beneficiary) from the UAPF in the form of monthly pension benefits in the manner prescribed by the Pension Provision Law, or is used by the contributor (beneficiary) to amend the current pension annuity agreement in part of the increase in the amount of insurance benefits and insurance premium under a pension annuity agreement or for the conclusion of another pension annuity agreement with an insurance company.
How lump-sum pension benefits will be paid from April 1, 2022
From April 1 of this year, the thresholds for the minimum adequacy of pension savings (MAP) calculated for 2022 come into force. Earlier, in pursuance of the instructions of the President K-Zh. Tokayev, by Decree of the Government of the Republic of Kazakhstan dated December 13, 2021 No. 875, the validity period of the MAP, calculated for 2021, was extended until April 1, 2022.
In order to exercise the right to use part of pension savings, the contributor (beneficiary) needs to check their pension savings and make sure that there is an amount of pension savings available for withdrawal in order to improve housing conditions and (or) pay for treatment. This can be done in your personal account on the website and (or) in the UAPF or e-government mobile application.
Further, having decided to use part of the pension savings, you should apply in advance for a lump-sum pension benefit through the Internet resource of the bank-authorized operator. To date, authorized operators accepting applications for lump-sum pension benefits for improving housing conditions are Housing Construction Savings Bank Otbasy Bank JSC, Halyk Bank of Kazakhstan JSC, Altyn Bank JSC, Bank CenterCredit JSC and Bank Freedom Finance Kazakhstan”, for medical treatment - Housing Construction Savings Bank Otbasy Bank JSC. The authorized operator, within 2 working days after considering the application for a lump sum pension benefit, sends an electronic notification to the UAPF. On the part of UAPF, the amount available for withdrawal is checked taking into account the MAP on the day the electronic notification is received from the authorized operator. UAPF, within five working days from the date of receipt of the electronic notification, transfers to the authorized operator the amount of the beneficiary's lump-sum pension benefit.
Please note that since the MAP for 2022 comes into force on April 1, 2022, the UAPF will make lump-sum pension benefits according to the MAP values calculated for 2021, according to applications received by the UAPF from authorized operators until March 31, 2022, inclusive.
The Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan determines that MAP is the minimum amount of pension savings formed from compulsory pension contributions and (or) compulsory occupational pension contributions, determined in accordance with the methodology approved by the Government of the Republic of Kazakhstan. The methodology for determining MAP was approved by the Decree of the Government of the Republic of Kazakhstan dated October 2, 2013 No. 1042 (with amendments and additions dated January 6, 2021.
According to the Methodology, MAP values are calculated annually for each age and take into account the increase (indexation) of future pension payments and pension contributions. At the same time, such social indicators as the minimum wage, the minimum pension, the minimum amount of the basic pension benefit are used, which are annually indexed in accordance with the Law of the Republic of Kazakhstan On the Republican Budget.
Information on MAP values is available on the UAPF website at the link https://www.enpf.kz/ru/services/withdrawal/withdrawal-check.php
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)
What UAPF services can be obtained without an identity card?
UAPF is expanding the range of digital services provided to contributors (beneficiaries). To date, individual pension benefits can be obtained from the UAPF without presenting an identity card. To do this, it is enough to have a digital (electronic) version of the identity card in the eGovMobile mobile application.
With an electronic version of the identity card of a citizen of the Republic of Kazakhstan, when applying in person to UAPF units, you can:
receive an extract from an individual pension saving account;
make changes and (or) additions to the details;
change (determine) the method of informing about the state of pension savings.
Now, the above-mentioned services have been supplemented with the possibility of transferring pension savings to an insurance organization using an electronic version of an identity card.
Recall that when applying in person to the UAPF divisions, the following documents are required to transfer pension savings from the UAPF to an insurance organization:
1) a copy of the identity document of the contributor (beneficiary) and its original or an electronic document from the digital document service for viewing;
2) the original of the pension annuity agreement / the original of the supplementary agreement to the current pension annuity agreement concluded by the contributor (beneficiary) with the insurance company;
3) an application for the transfer of pension savings in the form approved by the internal document of the UAPF.
Note that it is possible to use the digital (electronic) version of the identity card upon personal contact directly with the UAPF units.
If the applicant's identity document is invalid, then the electronic version of the document will not be available in the eGovMobile mobile application.
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz).
ANNOUNCEMENT
UAPF rendered 6.6 million services to contributors in two months
The Unified Accumulative Pension Fund for two months of the current year (between Jan 01, 2022 and Mar 01, 2022) provided its contributors with 6.6 million services.
It should be noted that the trend towards the popularization of online services continues. Currently, over 93% of UAPF services are provided in a convenient and efficient electronic format. As is known, contributors and beneficiaries, without leaving their homes, can use almost all the Fund's services literally in a matter of minutes. For example, on the website and in the UAPF mobile application, contributors can at any time and anywhere receive an extract from an individual pension saving account, make changes and additions to their details, receive a certificate of the presence of an IPSA, apply for the appointment of pension benefits in connection with the establishment of disability 1 or 2 groups indefinitely, as well as for voluntary pension contributions, track the status of an application for payment and much more. We emphasize that out of the total number of online services, over 4.7 million (or 70.76%) are provided on the UAPF website or mobile application
In addition, UAPF has developed an application-free service format. It includes, for example, the automatic opening of individual pension saving accounts for accounting for compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC) and voluntary pension contributions (VPC). Recall that if an individual does not have an open IPSA in the UAPF, it opens in the UAPF information system automatically upon receipt of the first installment. In this case, the identification of an individual is carried out according to the personal data specified in the electronic format of the payment order when transferring the CPC, COPC or VPC. All the necessary information about the details of the current document and the place of residence of the contributor, UAPF receives from the information systems of state bodies. Since the beginning of the year, 1.5 million services or 22.54% of the total volume have been provided without application
288,614 services were provided to depositors through traditional face-to-face service in UAPF divisions throughout Kazakhstan. Recall that the nearest branch of the Fund can be easily located on the enpf.kz website or the UAPF mobile application. As part of the joint project of UAPF JSC and Kazpost JSC on the provision of pension services in remote settlements in the branches of the national postal operator, as of March 1, 2022, 2,143 services were provided to fund contributors in 347 post offices. UAPF also has field service departments. They carried out 9,396 operations
UAPF pays special attention to the provision of high-quality consulting services and the development of information channels for contributors and recipients of the Fund. As of March 1, 2022, 151,817 requests have been processed.
We remind you that UAPF contributors and benefivciaries can get advice in the call center at 1418 (calls within Kazakhstan are free), as well as on the corporate website enpf.kz, via a chat bot in WhatsApp and Viber at +7 777 000 14 18 and on UAPF official pages on social networks Instagram, Facebook, VKontakte, Twitter, Telegram, Odnoklassniki.
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)
Good afternoon! I have been a pensioner for the third year already, but recently I found a small part-time job as a watchman. Now I have a question, will my employer transfer 10% of my salary to the UAPF? After all, I’m already receiving retirement payments from you.
No, your employer will not transfer pension contributions to the UAPF for you. In accordance with the provisions of paragraph 2 and paragraph 3 of Article 24 of the Law on Pension Provision, individuals who have reached retirement age are exempted from paying compulsory pension contributions and (or) compulsory occupational pension contributions to the UAPF.
Hello! I am a citizen of the Russian Federation, but I live and work in Kazakhstan, how is the issue of my pension provision being resolved?
In accordance with the Treaty on the EAEU of 05/29/2014. Pensions for workers of the EAEU member states and family members are regulated by the legislation of the state of permanent residence, as well as under a separate international agreement between the EAEU member states. Such an international treaty is the Agreement on Pension Provision of Workers of the Member States of the Eurasian Economic Union dated December 20, 2019 (hereinafter referred to as the Agreement), which entered into force on January 1, 2021.
The main purpose of the Agreement is to form the pension rights of workers of the EAEU member states on the same conditions and in the same manner as the citizens of the state of employment, that is, each EAEU member state must guarantee to citizens of other EAEU member states the number of pension rights equal to the scope of rights granted to its citizens on similar terms.
It should be noted that Article 12 of the Agreement, containing transitional provisions, provides that the appointment and payment of pensions are carried out in the following order:
for the length of service acquired after the entry into force of the Agreement, the pension is assigned and paid by the EAEU member state, in the territory of which the corresponding length of service was acquired;
for the length of service acquired before the entry into force of the Agreement, the pension is assigned and paid in accordance with the legislation of the EAEU member states and the Agreement on guarantees of the rights of citizens of the member states of the Commonwealth of Independent States in the field of pension provision of March 13, 1992, and for the Republic of Belarus and Russian Federation - Agreement between the Russian Federation and the Republic of Belarus on cooperation in the field of social security dated January 24, 2006.
Thus, the provisions of the Agreement will apply only to the length of service acquired by the worker in the period after the entry into force of the Agreement, subject to the official employment of citizens of the EAEU member states temporarily carrying out labor activities in the territory of another EAEU member state with the conclusion of an employment or civil contract. with the employer of the state of employment and with mandatory payment of pension (insurance) contributions to the pension system of the state of employment.
At the same time, subparagraph 2.3 of paragraph 2 of Article 2 of the Agreement establishes that in the Republic of Kazakhstan the Agreement applies to pension payments from the UAPF at the expense of formed pension contributions:
1) upon reaching the retirement age;
2) when establishing disability of the first and second groups, if the disability is established for an indefinite period;
3) a lump sum payment to heirs.
Thus, in the Republic of Kazakhstan:
At the same time, citizens of the EAEU countries, including the Russian Federation, will have the right to apply for pension payment to the UAPF, which is the competent authority in Kazakhstan for the implementation of the Agreement, or to the competent authority of the state of residence, for example, to the Pension Fund of the Russian Federation with the provision of documents established by law. Republic of Kazakhstan.
По проведению экологической акции
«World Cleanup day 2021»/«Birge–taza Qazaqstan»
18 сентября текущего года по инициативе Министерства экологии, геологии и природных ресурсов РК на территории республики в настоящее время проводится акция «World Cleanup day 2021»/«Birge– taza Qazaqstan».
В связи с этим, 18 сентября текущего года с привлечением молодежи и волонтеров неправительственных организаций в сфере образования (школы, высшие и средние учебные заведения), с привлечением организаций организуется экологическая акция «World Cleanup day 2021»/«Birge – taza Qazaqstan».
В этот день, акция «World Cleanup day 2021» пройдет в 150 странах мира, где примут участие более 380 млн. человек.
Участие Казахстана во Всемирной Акции позволит позиционировать Казахстан как участника глобальных мировых экологических акций, страны, реализующей принцип «зеленой» экономики и достижение Целей устойчивого развития 2030.
Наша общая задача – сохранить красоту родного края в чистоте и целостности, призвать граждан к содержанию своего двора, улицы, села, города в чистоте, сформировать экологическую культуру молодежи. Природа – наш родной дом, в котором должно быть чисто, уютно и светло. Ведь только вместе и сообща мы можем сделать наш регион еще лучше!
17 августа текущего года НАО «Международный центр зеленых технологий и инвестиционных проектов» организовывает онлайн-семинар на тему: «Углеродный налог в контексте Концепции низкоуглеродного развития Казахстана».
По завершению мероприятия участники получат сертификаты об участии. Для получения более подробной информации просим обращаться по номеру: 8 (702) 1191200; 8 (7172) 793234, либо написать на е-mail l.abizhanova@igtipc.org;
Вебинар проводится на платформе Zoom, участие является платным.