ANNOUNCEMENT
Guaranteed compensation from KDIF was credited to pension accounts of 230,000 depositors of liquidated banks
As of June 1, 2022, the unclaimed amounts of guarantee compensation of 229,715 depositors of eight liquidated banks were credited by UAPF to individual pension accounts in the form of voluntary pension contributions (VPC) after the completion of transfers by KDIF.
The transfer of the unclaimed amount of the guarantee compensation to UAPF was carried out to those depositors whose data (IIN, full name) corresponded to the data available in the UAPF database. Furthermore, the contributor had to have a valid identity document and pension accumulations formed from compulsory and (or) compulsory occupational and (or) voluntary pension contributions.
Depositors of liquidated banks can check the receipt of funds to pension accounts in their personal account on the website, in the mobile application and service offices of UAPF, or on the Government portal for citizens.
Depositors of liquidated banks, as well as recipients of pensions, do not need to specifically apply to UAPF to open individual pension accounts (IPAs), since the transferred amounts of voluntary pension contributions are credited to UAPF automatically to account for the VPC (if any), in their absence - the IPAs for VPC records are opened in UAPF without submitting an application (that is, automatically), including when the unclaimed amount of the guarantee compensation is received by UAPF from KDIF.
On May 2, 2022, KDIF transferred unclaimed amounts of guarantee compensation to UAPF depositors of the following eight banks: Valut-Tranzit Bank JSC, Kazinvestbank JSC, Delta Bank JSC, Eximbank Kazakhstan JSC, Qazaq Banki JSC, Bank of Astana JSC, Tengri Bank JSC and AsiaCredit Bank (AsiaCredit Bank) JSC.
It should be noted that the unclaimed amounts of guarantee compensation credited to the IPAs to account for the VPC will be invested in the same manner as other pension assets.
For reference: the right to VPC from UAPF arises for the following persons who have pension accumulations in UAPF:
1) for those who have reached the age of fifty;
2) having a disability;
3) for those who are leaving or have already left for a permanent place of residence outside the Republic of Kazakhstan, who submitted documents, determined by the legislation of the Republic of Kazakhstan, confirming the intention or fact of departure;
4) having pension accumulations within the limits of the VPC amount and an investment income accrued on them, which have been in UAPF for at least five years.
We remind you that the legislation provides for the possibility for a depositor to apply for a payment on a deposit in a liquidated bank, even if the payment period has expired and the unclaimed amount has been transferred to UAPF, setting out the circumstances of the late application, the application of depositor will be considered on an individual basis.
Such an appeal must be accompanied by a list of documents confirming the existence of circumstances that prevented the filing of an application for compensation from KDIF during the payment period, for example, military service or being outside the Republic of Kazakhstan, acceptance of the depositor's inheritance and other reasons related to the acquisition or opening of an inheritance.
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)