As part of outreach activities among the population, on June 22, 2023, UAPF JSC will hold an Open Doors Day on the topic “Pension planning. Pension Calculator”.
At the event, which will be held in the format of an online meeting, UAPF specialists will tell the participants about the importance of pension planning, about what opportunities there are to receive decent benefits in the future.
This meeting will also be useful for those who are interested in how to start planning their future payments right now, will voluntary pension contributions help increase its size? The Fund's employees will show you how to use the Pension Calculator on the UAPF website and in the БЖЗҚ/ЕНПФ mobile application, they will tell you which component will prevail in your future benefits. The capabilities of the calculator are not limited to these functions, it also allows you to calculate pension benefits in the event of a planned one-time withdrawal of pension savings. Here, in the calculator, there is a calculation of the increase in benefit payments from the UAPF for employees who have worked in hazardous industries for at least 60 months, taking into account the statutory correction factor.
Also, using the Pension Calculator you can calculate the amount of the insurance premium and insurance benefits from the insurance company in case of transferring pension savings to an annuity. These calculations will help you understand the timing of payments, the period of their implementation, up to the size of the first benefit and compare how profitable it is for you and make your choice.
The calculation will also be interesting for contributors, allowing to see the dynamics of pension benefits in the case of transferring part of pension savings to companies managing the investment portfolio.
Everyone is invited to the online meeting, as well as media representatives. We hope it will be useful to journalists in covering topics related to the accumulative pension system.
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)