INFORMATION NOTICE
Why should young people think about retirement today?
UAPF takes an active part in the weeks of financial literacy for young people, held by representatives of financial organizations with the support of the Agency of the Republic of Kazakhstan for the regulation and development of the financial market.
A round table "Financial literacy as a factor in improving the well-being of the population" was held at Turan University in the format of educational lectures for more than 100 students, undergraduates, and doctoral students and teachers. In addition to UAPF JSC, the event was attended by representatives of the financial regulator, the Financial Monitoring Agency of the Republic of Kazakhstan, the KMF-Demeu fund and the First Credit Bureau. UAPF specialists gave a lecture on the topic: "Why you need to think about pensions now: everything about the pension system of Kazakhstan."
During the meeting, the students learned about how the pension system of Kazakhstan works. Particular attention was paid to the fact that in our country there is a multi-level pension provision, which consists of state and funded pensions. Since the role of the funded component is growing from year to year, during the lecture we dwelled in detail on funded contributions to the UAPF - mandatory pension contributions (MPC), mandatory professional pension contributions (MPPC) and voluntary pension contributions (VPC). The topics of investment management and receiving services online, as well as the possibility of calculating future pensions using a predictive pension calculator, aroused great interest.
“It is very pleasant that the students listened to our lectures with attention and interest. After all, as you know, current pensioners receive the bulk of their pensions from the state budget, and the pension of today's students will depend mainly on themselves. Therefore, it is important to teach them the skills of savings planning right now,” the lecturer, the Leading Specialist of the field service department of the UAPF JSC branch in Almaty, Talgat Kabanbayev said.
UAPF plans to continue its outreach work, including meetings with students, on a regular basis in the future, so that young people already now understand how important it is to replenish their pension account constantly and in full in order to adequately meet old age.
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)