UAPF paid over KZT 704 billion to its contributors
As of March 1, 2021, the Unified Accumulative Pension Fund paid benefits to 385,500 beneficiaries. In general, more than 585 thousand pension benefits, lump-sum pension benefits and transfers to insurance organizations were made for a total amount of over KZT 704 billion, including:
- lump-sum pension benefits – KZT 649.9 billion;
- transfers to insurance organizations - KZT 19.3 billion;
- benefits upon reaching the retirement age - KZT 15.9 billion;
- benefits by inheritance - KZT 13.3 billion;
- in connection with leaving for permanent residence - KZT 4.5 billion;
- for burial - KZT 0.9 billion;
- disability benefits - KZT 0.4 billion.
It should be noted that the amount of the average monthly payment according to the schedule (due to reaching the retirement age) was KZT 28,322, and the maximum amount of the monthly payment was KZT 522,610.
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)