INFORMATION NOTICE
The amount of payments from the UAPF in 2022 increased by 5 percent
Payments from the UAPF are made in accordance with the Methodology approved by the Decree of the Government of the Republic of Kazakhstan dated October 2, 2013 No. 1042 (as amended from April 1, 2021). According to this Methodology, payments to retirees are calculated as follows: the amount of pension savings is multiplied by the pension savings payment rate - 6.5% and divided by 12. The amount of monthly payments from the UAPF in the first year of their receipt is obtained. For recipients of certain categories: people with disabilities of groups 1 or 2, established indefinitely, as well as people who worked in hazardous and hazardous industries, whose savings were formed at the expense of mandatory professional pension contributions in the aggregate for at least sixty months, the Methodology for calculating pension payments provides for corrective raising coefficients.
In subsequent years, the size of the monthly pension payment is increased annually by the indexation rate of pension payments - 5%.
Thus, from January 1, 2022, payments to pensioners who retired from April 1, 2021, have been increased by 5%. Persons who exercised their right to pension payments from the UAPF from January 1, 2018, to April 1, 2021, received payments according to the old Methodology last year, when the amount of pension savings was multiplied by the current value coefficient and divided by 12 months. However, from January 1, 2022, their last year's pension payments from the UAPF are also indexed by 5%.
Note that the monthly pension payment from the UAPF is carried out in the amount of at least 70% of the subsistence minimum. Accordingly, from January 1, 2022, the minimum payment from the UAPF will be 25,212.60 tenge.
If the amount of pension savings on the date of application for payment does not exceed twelve times the minimum pension established by the law on the republican budget for the corresponding financial year, this amount is paid to the recipient from the UAPF at a time (in 2022 - 555,624 tenge = 12 * 46,302 tenge).
For pensioners who exercised the right to payment before January 1, 2018, in 2022 the calculation is as follows: the annual amount of their pension payment is the largest of thirty times the minimum pension (in 2022 30 x 46,302 = 1,389,060 tenge) and the product of the amount of pension savings by the coefficient of the present value of pension savings at the corresponding age of the recipient. Payments are made according to the previously selected schedule.
Recall that pension payments from the UAPF are made until the pension savings on the individual pension account are exhausted.
UAPF was established on August 22, 2013, on the basis of SAPF APF JSC. The founder and shareholder of the UAPF 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. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the contributor (recipient) with information on the state of his pension savings (more details at www.enpf.kz)