INFORMATION NOTICE
Guaranteed compensation from KDGF was credited to pension accounts of 230,000 depositors in 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 payments by the Kazakhstan Deposit Guarantee Fund.
The transfer of the unclaimed amount of the guarantee compensation to the UAPF was carried out to those depositors whose data (IIN, full name) corresponded to the data available in the UAPF database. Also, the contributor had to have a valid identity document and pension savings formed from mandatory and (or) mandatory professional 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 the 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 the UAPF to open individual pension accounts (IPA), since the transferred amounts of voluntary pension contributions are credited to the UAPF automatically to the UAPF to account for VPC (if any), in their absence - to the IPA for accounts of VPC are opened in the UAPF without filing an application (that is, automatically), including when the unclaimed amount of the guarantee compensation is received by the UAPF from the KDGF.
On May 2, 2022, KDGF 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 IPA to account for the VPC will be invested in the same manner as other pension assets.
For reference: the right to pension payments from the UAPF at the expense of the VPC arises for the following persons who have pension savings in the UAPF:
1) who have reached the age of fifty;
2) having a disability;
3) foreigners and stateless persons leaving or leaving 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 savings within the limits of the VPC amount and the investment income accrued on them, which have been in the 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 the UAPF, setting out the circumstances of the late application, and the application 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 the KDGF 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 the inheritance.
UAPF was established on August 22, 2013 on the basis of SAPF APF JSC. The founder and shareholder of 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 (for more details, see www.enpf.kz)