About closing pension accounts without savings
UAPF JSC informs about the entry into force from 01.03.2021. Rules for accounting for pension savings at the expense of mandatory pension contributions, mandatory professional pension contributions and voluntary pension contributions on individual pension accounts (IPS) of depositors (recipients), approved by Resolution No. 27 of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market of February 12, 2021, according to which the IPS is closed after 1 (one) month, provided that there are no pension savings.
Thus, the UAPF will close the IPS that were previously opened, including in cases where a person, applying for a job, applied for an account or concluded a pension insurance contract, but for some reason did not start making deductions, and will also close the IPS for which there were pension savings and payments and transfers of the entire amount of pension savings were made and after the payment or transfer was made, no contributions were received within 1 (one) month.
The number of accounts without pension savings in the UAPF as of 01.02.2021 was about 121 thousand.
Recall that from 2019, in order to open an IPS in the UAPF for accounting for mandatory pension contributions (OPV), an individual does not need to apply to the UAPF for the purpose of filing an application. The account is opened in the UAPF information system automatically when the first payment is received, the identification of an individual is carried out using the personal data specified in the electronic format of the payment order when transferring the pension contribution, and all the necessary information about the details of the current document and other details of the UAPF is obtained from the information systems of state bodies. The depositor is considered to have joined the agreement on pension provision at the expense of the OPV from the date of receipt of the UAPF electronic notification from the State Corporation "Government for Citizens".
Contributions are transferred by the employer from the deduction of the amount of the OPV from the first salary, that is, the occurrence of "zero" accounts (without savings) for accounting for the OPV is excluded