ANNOUNCEMENT
The first target requirements and target savings have arrived
under the National Fund for Children program
Under the National Fund for Children program, the UAPF has accrued the first target requirements (for children under the age of 18) and the first target savings have been transferred to target savings accounts (for children who will turn 18 in 2024).
From January 1, 2024, all children - citizens of Kazakhstan who had not reached the age of majority as of the end of 2023 - became participants in the program.
The total number of program participants is 6,919,131 children (children born from January 1, 2006 to December 31, 2023, inclusive). Of these, 304,815 participants will turn 18 years old in 2024 (children born from January 1, 2006 to December 31, 2006, inclusive).
Over the past year, all of them received the same amount from the National Fund of Kazakhstan in the amount of 100 dollars and 52 US cents.
It is important to understand that these are only the first accruals; the amount will increase annually due to the growth of the National Fund’s assets and the receipt of investment income. In addition, the accrued funds will continue to be invested as part of the National Fund’s foreign currency assets and bring additional investment income to children participating in the program until they reach the age of 18.
For children who will turn 18 in 2024, the specified amount has already been transferred to their target savings accounts opened automatically with the UAPF. These program participants will have the right to use their target savings for housing or education immediately upon reaching adulthood.
We remind you that target requirements are the obligations of the Government of the Republic of Kazakhstan to children under 18 years of age - citizens of the country, formed in the National Fund annually at the expense of 50% of investment income, calculated at the rate of return averaged over the last 18 years (preceding the reporting year). Funds taken into account as target requirements will continue to be invested until the child's 18th birthday and additional investment income will be accrued on them annually.
According to the law, the right to use targeted requirements occurs only after the child reaches 18 years of age. In the year the child reaches his 18th birthday, the amount of accumulated target requirements is transferred to the child’s target savings account opened in the Unified Accumulative Pension Fund for use on housing or education.
Money accumulated in the UAPF on target savings accounts of children who are citizens of Kazakhstan and reach 18 years of age this year are called target savings. In order to use these funds, an adult participant in the program can contact authorized operators by opening a bank account there, to which his target savings will be transferred from the UAPF in US dollars. The list of authorized operators who have entered into an agreement with the UAPF and work under the National Fund for Children program is posted on the website enpf.kz
The UAPF records all target requirements and target savings under the National Fund for Children program (including accumulated investment income) in US dollars, and also provides information on program participants.
Parents (or other legal representatives) of a minor can check information about the child’s participation in the program and accrued target requirements (using the child’s IIN) on a specially created website kids.enpf.kz. Here you can also familiarize yourself with the terms of the program, receive instructions, and answers to your questions. Parents can also check accrual data for their child in their personal account on the egov.kz portal.
An adult citizen can check the target savings independently in his personal account on the enpf.kz website, in the UAPF mobile application or on the egov.kz portal.
Statistical reports on accruals by age, gender, regions of the republic will be regularly posted on the website enpf.kz/
Number of participants in target requirements/target savings by gender and year of birth:
|
Year of birth |
gender |
||
|
M |
W |
total |
|
|
2006 |
156,003 |
148,812 |
304,815 |
|
2007 |
169,535 |
161,122 |
330,657 |
|
2008 |
187,098 |
177,706 |
364,804 |
|
2009 |
185,549 |
174,688 |
360,237 |
|
2010 |
189,443 |
179,762 |
369,205 |
|
2011 |
191,954 |
181,958 |
373,912 |
|
2012 |
194,720 |
186,028 |
380,748 |
|
2013 |
199,283 |
187,910 |
387,193 |
|
2014 |
204,706 |
194,048 |
398,754 |
|
2015 |
204,745 |
193,648 |
398,393 |
|
2016 |
206,255 |
193,580 |
399,835 |
|
2017 |
200,683 |
188,487 |
389,170 |
|
2018 |
204,014 |
192,501 |
396,515 |
|
2019 |
206,223 |
193,756 |
399,979 |
|
2020 |
219,068 |
205,488 |
424,556 |
|
2021 |
228,076 |
215,192 |
443,268 |
|
2022 |
210,091 |
198,141 |
408,232 |
|
2023 |
200,654 |
188,204 |
388,858 |
|
total |
3,558,100 |
3,361,031 |
6,919,131 |
It is important to know that a complete list of children participating in the UAPF program is compiled annually based on official information from the State Database “Individuals”. If a child is included in this database, he automatically becomes a participant in the National Fund for Children program and is guaranteed to receive target requirements and investment income for all years of participation in the program.
If for some reason a child is not in the State Database “Individuals” and for this reason was not included in the list of program participants (but has the right to be a participant), then the target requirements are accrued for the missed period (missed periods) in full (including investment income) in the next calendar year.
In this case, we recommend that parents (legal representatives) of children check:
If the child has:
After making the necessary adjustments to the State Database “Individuals”, the target requirements and investment income of the child will be fully accrued next year, taking into account the missed 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)
ANNOUNCEMENT
Statistics on the number of children and the amounts accrued to them within the framework of the National Fund for Children program by regions of Kazakhstan
695.5 million US dollars were accrued to 6,919,131 children (children born from January 01,2006 to December 31, 2023 inclusive). Of this, more than $30.6 million was credited to the target savings accounts of 304,815 program participants who turn 18 in 2024 (children born from January 1, 2006 to December 31, 2006 inclusive).
Statistics on the number of participants in target requirements/recipients of target savings within the framework of the National Fund for Children program and accrued amounts by region of Kazakhstan as of February 01, 2024 are as follows:
|
Region |
Participants of target requirements |
Including Recipients of target savings |
||
|
number |
amount, $ |
number |
amount, $ |
|
|
Akmola region |
215,487 |
21,660,753.24 |
11,283 |
1,134,167.16 |
|
Aktobe region |
331,394 |
33,311,724.88 |
13,684 |
1,375,515.68 |
|
Almaty region |
608,711 |
61,187,629.72 |
26,802 |
2,694,137.04 |
|
Atyrau region |
277,236 |
27,867,762.72 |
11,117 |
1,117,480.84 |
|
East Kazakhstani region |
225,822 |
22,699,627.44 |
9,305 |
935,338.60 |
|
Zhambyl region |
472,426 |
47,488,261.52 |
21,626 |
2,173,845.52 |
|
West Kazakhstani region |
220,355 |
22,150,084.60 |
9,406 |
945,491.12 |
|
Karagandy region |
343,230 |
34,501,479.60 |
16,205 |
1,628,926.60 |
|
Kyzylorda region |
338,320 |
34,007,926.40 |
14,182 |
1,425,574.64 |
|
Kostanai region |
211,083 |
21,218,063.16 |
10,716 |
1,077,172.32 |
|
Mangystau region |
330,390 |
33,210,802.80 |
12,755 |
1,282,132.60 |
|
Pavlodar region |
213,934 |
21,504,645.68 |
10,501 |
1,055,560.52 |
|
North Kazakhstani region |
132,977 |
13,366,848.04 |
7,418 |
745,657.36 |
|
Shymkent |
502,752 |
50,536,631.04 |
19,158 |
1,925,762.16 |
|
Almaty |
666,443 |
66,990,850.36 |
26,621 |
2,675,942.92 |
|
Astana |
481,349 |
48,385,201.48 |
18,346 |
1,844,139.92 |
|
Turkestan region |
922,841 |
92,763,977.32 |
41,968 |
4,218,623.36 |
|
Abai region |
157,856 |
15,867,685.12 |
9,395 |
944,385.40 |
|
Ulytau region |
63,948 |
6,428,052.96 |
3,236 |
325,282.72 |
|
Zhetysu region |
202,577 |
20,363,040.04 |
11,091 |
1,114,867.32 |
|
Total |
6,919,131 |
695,511,048.12 |
304,815 |
30,640,003.80 |
From the given statistical data it follows that the largest number of children participating in the target requirements live in the Turkestan region (922,841 children were awarded 92,763,977.32 US dollars). Of these, 41,968 recipients of target savings who are 18 years old this year received 4,218,623.36 US dollars credited to target savings accounts.
In second place in terms of the number of children is the city of Almaty (666,443 children were credited with 66,990,850.36 US dollars), of which 26,621 recipients of target savings who reached 18 years of age this year, 2,675,942.92 US dollars were credited to target savings accounts.
In third place is the Almaty region (608,711 children received 61,187,629.72 US dollars). Of these, 26,802 recipients of target savings who reach 18 years of age this year received 2,694,137.04 US dollars to target savings accounts.
Let us remind you that for 2023, all children from the National Fund of Kazakhstan will receive the same amount of 100 dollars and 52 US cents, which will increase annually due to the growth of the National Fund’s assets and the receipt of investment income.
Parents or other legal representatives of a minor can check information about the child’s participation in the program and accrued target requirements on the specially created website kids.enpf.kz using the child’s IIN, where you can familiarize yourself with the terms of the program, receive instructions, and answers to questions of interest. Parents can also check data on accruals for each child in their personal account on the egov.kz portal.
An adult citizen can check the target savings independently in his personal account on the enpf.kz website, in the UAPF mobile application or on the egov.kz portal.
Detailed statistics on accruals by age, gender, and regions of the republic are presented on the website enpf.kz.
Video commentary on the topic on the БЖЗҚЕНПФ YouTube channel.
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
In 2023, pension savings of UAPF contributors increased by KZT3.2 trillion
Key indicators of the UAPF as of January 1, 2024
As of January 1, 2024, pension savings amounting to KZT17.9 trillion were formed in the accounts of contributors of the Unified Accumulative Pension Fund. In 2023, the amount of savings increased by KZT3.2 trillion or 21.8%.
The dominant amount of pension savings was formed through compulsory pension contributions (CPC) and amounted to KZT17.3 trillion (growth for 2023 - 21.6%). The amount of pension savings for compulsory occupational pension contributions (COPC) amounted to KZ568.5 billion (growth for 2023 - 27.6%), the amount of pension savings for voluntary pension contributions (VPC) amounted to about KZT5.3 billion (growth for 2023 year -48.3%).
In 2023, pension contributions in the total amount of about KZT2.2 trillion were received into the accounts of contributors, which exceeded last year’s figure by KZT434.6 billion or 25.2%. Of the total volume of contributions, 95.5% are revenues to the UAPF at the expense of CPC - KZT2.1 trillion (growth over the year - 25.3%). At the expense of COPC, over KZT95.5 billion was received (growth over the year - 24%). The volume of VPC amounted to KZT2.3 billion.
A significant increase in pension savings was achieved not only due to pension contributions from contributors, but also thanks to net investment income, which in 2023 amounted to about KZT1.6 trillion, which exceeds last year’s figures by KZT685.4 billion or 77.7% .
The number of individual pension savings accounts (IPSA) in the UAPF as of January 1, 2024 amounted to 12.3 million units. The largest number of IPSAs opened for CPC is 11,088,699 units. The number of accounts generated for COPC is 642,462 units, the number of VPC accounts in the UAPF is 397,231 units.
In 2023, the UAPF paid KZT591.3 billion to contributors, of which lump sum pension benefits (LSPB) for the purpose of improving housing conditions and medical treatment amounted to KZT284 billion, old age-related benefits - KZT150.6 billion, transfers to insurance organizations - KZT54 billion, inheritance benefits - KZT52.6 billion, payments in connection with leaving for permanent residence outside Kazakhstan - KZT39.8 billion, funeral payments - KZT7.5 billion and disability benefits - KZT2.8 billion.
It is worth noting that the average monthly pension benefit according to the schedule from the UAPF in connection with reaching retirement age was 32,202 tenge, and the maximum amount of the monthly payment was 742,692 tenge. Let us remind you that for the same period last year, the average monthly payment according to the schedule from the Unified Accumulative Pension Fund was 29,973 tenge, and the maximum monthly payment amount was 707,326 tenge.
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 presents a report on the investment of pension savings for 2023
The website enpf.kz presents a report on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) in the section “Indicators - Investment activities”. The total volume of pension assets as of January 1, 2024 amounted to about KZT17,832.9 billion. At the same time, the pension assets of the UAPF, which are in trust management of the National Bank of the Republic of Kazakhstan, amounted to more than KZT17,806 billion. Pension assets managed by IPM amounted to KZT26.9 billion.
Investment portfolio of pension assets managed by the NBRK
The main directions for investing pension assets of the NBRK as of January 1, 2024 are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 46.6%, bonds of quasi-state companies - 9.1%, deposits of the NBRK - 4.9%, bonds and deposits of second-tier banks of the Republic Kazakhstan – 5.9%, shares and depositary receipts of issuers of the Republic of Kazakhstan – 2%, microfinance organizations – 2%.
The investment portfolio, broken down by the currencies in which financial instruments purchased from pension assets are denominated, as of January 1, 2024, looks like this: investments in national currency - 68.3%, in US dollars - 31.7% of the pension portfolio assets.
From the analysis of the structure of income received, it follows that income in the form of remuneration on securities, including on placed deposits and reverse repo operations and from market revaluation of securities, amounted to KZT1,501.2 billion, for assets under external management – more than KZT138.2 billion, other income – over KZT5.4 billion. Foreign currency revaluation was negative and amounted to KZT38.1 billion.
Thus, due to the diversification of the investment portfolio of pension assets by instruments, industries and currencies, the total income for 2023 is positive.
As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income for 2023 amounted to more than KZT1,606.8 billion.
The return on UAPF pension assets distributed to the accounts of depositors (recipients) for 2023 amounted to over 10.1% with inflation of 9.8%.
Let us recall that in the medium and long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured.
The detailed structure of the investment portfolio of financial instruments managed by the National Bank of Kazakhstan, indicating the issuers and an overview of investment activities are posted on the official website of the UAPF. Let us recall that in Kazakhstan there is a model of state guarantee of the safety of pension savings. In accordance with Article 217 of the Social Code of the Republic of Kazakhstan, the state guarantees beneficiaries the safety of compulsory pension contributions and compulsory occupational pension contributions to the UAPF in the amount of contributions actually made, taking into account the level of inflation at the time of receipt of the right to pension benefits.
Investment Portfolio Managers
The total amount of funds managed by IPM is 26.9 billion tenge.
As of January 1, 2024, pension assets under trust management of Jusan Invest JSC amounted to about KZT6 billion.
The company's main investments: government securities of the Ministry of Finance of the Republic of Kazakhstan - 45.9%, shares of Exchange Traded Funds (ETF) - 28.2%, REPO - 7.9%, bonds of second-tier banks of the Republic of Kazakhstan - 7.2%, government securities of foreign countries - 5, 6% of the portfolio. Note that 66.1% of the portfolio is presented in tenge, 33.9% in US dollars.
As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income for 2023 amounted to KZT606.6 million. The return on pension assets is 13.5%.
The detailed structure of the investment portfolio of financial instruments managed by Jusan Invest JSC, indicating the issuers, is presented on the UAPF website.
As of January 1, 2024, pension assets under trust management of Halyk Global Markets JSC amounted to KZT3.2 billion.
The main investments in the portfolio structure are as follows: “reverse repo” (no more than 90 calendar days) - 38.4%, bonds of quasi-public organizations of the Republic of Kazakhstan - 13%, bonds of microfinance organizations - 8.1%, securities with state status issued by foreign central governments - 7.9%, equity instruments of foreign issuers (ETF units) - 8.5%. Investments in national currency accounted for 73.1% of the portfolio, in US dollars - 26.9%.
As a result of investment activities, the amount of accrued investment income for 2023 amounted to about KZT404 million. The return on pension assets is 15.6%.
The detailed structure of the investment portfolio of financial instruments managed by Halyk Global Markets JSC, indicating the issuers, is presented on the UAPF website.
As of January 01, 2024, the pension assets of the UAPF, which are in trust management of BCC Invest JSC, amounted to KZT2.9 billion.
Among the main areas of investment, the following can be identified: REPO – 28.5%, bonds of quasi-public organizations of the Republic of Kazakhstan – 24.7%, government bonds of the Republic of Kazakhstan – 17.5%, shares (ETF on indices) – 16.5%, US government bonds - 5%, MFO bonds - 3%, corporate bonds of resident issuers of the Republic of Kazakhstan - 2.8%, portfolio. 71.5% of the portfolio was invested in instruments in national currency, and 28.5% in US dollars.
As a result of investment activities for 2023, the amount of accrued investment income amounted to more than KZT230.2 million. The return on pension assets was 13.1%.
The detailed structure of the investment portfolio of financial instruments managed by BCC Invest JSC, indicating the issuers, is presented on the UAPF website.
As of January 01, 2024, the pension assets of the UAPF, which are in the trust management of Centras Securities JSC, amounted to more than KZT1 billion.
33.9% of assets are invested in government securities of the Ministry of Finance of the Republic of Kazakhstan, bonds of quasi-public organizations account for 19.3% of the total volume, bonds of second-tier banks of the Republic of Kazakhstan - 16.5%, REPO - 8.6%, shares and depositary receipts issued by organizations of the Republic of Kazakhstan - 8 .2%, US government bonds - 7.9%, cash in investment accounts - 2.6%. 74.2% of the portfolio was invested in instruments in national currency, in US dollars - 23.7%, in Canadian dollars - 2.1%
As a result of investment activities and changes in the market value of financial instruments, the amount of accrued investment income for 2023 amounted to approximately KZT105.3 million. The return on pension assets is 10.7%.
The detailed structure of the investment portfolio of financial instruments managed by Centras Securities JSC, indicating the issuers, is presented on the UAPF website.
As of January 1, 2024, pension assets held in trust by Halyk Finance Subsidiary of the Halyk Bank of Kazakhstan JSC amounted to about KZT13.8 billion.
The main investments in the portfolio structure are as follows: “reverse repo” (no more than 90 calendar days) – 66.7%, shares of Exchange Traded Funds (ETF) – 8.2%, government securities of foreign countries – 6.1%, bonds of second-tier banks RK – 5.8%, bonds of quasi-public organizations of the Republic of Kazakhstan – 3.9%, government securities of the Ministry of Finance of the RK – 3.7%.
84.2% of the portfolio was invested in instruments in national currency, 15.4% in US dollars, 0.4% in euros.
As a result of investment activities, the amount of accrued investment income for 2023 amounted to more than KZT328 million. The return on pension assets for 2023 is -17.2%.
The detailed structure of the investment portfolio of financial instruments managed by Halyk Finance Subsidiary of the Halyk Bank of Kazakhstan JSC, indicating the issuers, is presented on the UAPF website.
Let us note that after receiving pension assets from the Unified Pension Pension Fund, IPM invests them in permitted financial instruments specified in the Rules for the implementation of investment portfolio management activities, approved by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 1, 2023 No. 62, and provided for in the IPM Investment Declaration. When transferring pension savings to IPM management, the state guarantee is replaced by a guarantee from the management company to ensure a minimum level of return on pension assets. The minimum level of return is calculated based on the weighted average return of pension assets transferred to the management of IPM, operating on the market.
Let us remind you that from July 1, 2023, contributors can transfer into trust management no more than 50% of pension savings at the expense of compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC), without taking into account the minimum adequacy threshold for investment portfolio managers (IPM), by choosing such a company yourself. Contributors who have voluntary pension savings can transfer them to IPM in the amount of 100%.
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)
INFORMATION MESSAGE
Personal pension savings plan
as a tool for forming the desired pension
As part of the implementation of the Corporate Development Strategy of UAPF JSC for 2022-2026, including tasks for further improvement of pension services, taking into account the introduction of a proactive format, UAPF JSC launches a new tool for planning future pensions – a personal pension savings plan to help the depositor.
Unlike the forecast pension calculator, which can be used to calculate the expected amount and schedule of pension payments based on the current amount of pension savings and future contributions, a personal plan allows the user to independently:
- calculate the required amount of contributions based on the desired amount of pension
payments, taking into account the current amount of pension savings,
- monitor the execution of a personal savings plan (through
an automated personal notification system).
The estimated calculation of the future total pension includes the following pension components within the framework of the multi-level pension system of Kazakhstan:
1. Pension at the expense of the state budget (basic pension and solidary (labor) pension).
2. Pension from the UAPF at the expense of:
- 10% of mandatory pension contributions (OPV) paid from the income of employees in the UAPF.
- 5% of the mandatory occupational pension contributions (OPP) transferred by the employer to the UAPF in favor of employees engaged in jobs with harmful working conditions.
3. Pension from the UAPF at the expense of voluntary pension contributions (DPV), which can be transferred by both the employee and his employer.
The future pension planning service is available in the personal account on the UAPF website, upon logging in to which the user will receive a one-time notification about the opportunity to use this service. For more information about the service and how to use it, you can read the memo for the user of the personal pension savings plan located at the top of the screen when logging into this service.
The depositor can monitor the process of executing his pension plan, that is, monitor the receipt of OPV, OPV and DPV, as well as the status of plan execution in percentage and monetary terms by months and years, in order to take timely measures to implement the plan, for example, replenish the missing amount of pension savings through voluntary pension contributions.
If necessary, the depositor can change the input parameters of the personal plan at any time, for example, specify a different amount of the desired pension and create a new plan.
Dear residents of the villages of Kazakhstan and Kalmakkol!
On February 2, 2024, gatherings of local residents will take place on the issue of excluding the villages of Kazakhstan and Kalmakkol from the accounting data.
Kalmakkol – at 12.00 o'clock at the address Ozernaya str., house 9/1;
Kazakhstan – at 12.00 p.m. at 12 Dostyk Street.