ANNOUNCEMENT
Comparing the indices of the pension system of Kazakhstan with other countries’ indices
A review of the main indicators of countries with an accumulative pension system is published on the corporate website of the Unified Accumulative Pension Fund (www.enpf.kz) in the section "World Pension Systems". In it, specialists of UAPF JSC compared the countries of the Organization for Economic Cooperation and Development (OECD) and Kazakhstan. The statistics of the OECD, the United Nations (UN) and UAPF were taken as a basis.
The review presents seven countries - Australia, Denmark, Israel, Mexico, Chile, Estonia and Kazakhstan. All countries have different indices of GDP, population, retirement age, pension contribution rates, etc. However, they all have accumulative pension system and anyone can read the material in detail by clicking on the link (https://www.enpf.kz/ru/pension-system/world/obzor-osnovnykh-pokazateley-stran-s-nakopitelnoy- pensionnoy-sistemoy.php).
It should be noted that information on pension systems of Armenia, Norway, Malaysia, Singapore and Sweden is also presented on the corporate website. Our experts prepared materials in a convenient format with graphs and diagrams in Kazakh and Russian. The section will be updated regularly with new reviews and statistics on foreign countries.
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)