The Unified Accumulative Pension Fund warns of a new fraudulent scheme. There have been isolated cases of calls from unidentified persons posing as employees of UAPF JSC, who are asking to top up a certain bank account in order to unlock the contribuor's pension account. The pension account, according to the callers, will allegedly be used for payments from foreign banks to pay compensation for legal proceedings. In case of refusal to transfer the funds, the pension account will allegedly remain blocked.
UAPF warns that such calls do not come from UAPF employees, and in case of receiving such calls, it is strongly requested to interrupt the conversation (!). We also remind you of the following points:
- according to Clause 3 of Art. 50 of the Law of the Republic of Kazakhstan On pension provision in the Republic of Kazakhstan (hereinafter - the Law) the imposition of an arrest or the application of a levy, including on pension savings due to the debts of the contributor (beneficiary), is not allowed.
- in accordance with paragraph 14) of Art. 98 of the Law of the Republic of Kazakhstan On executive production and the status of judicial executors, recovery cannot be applied to pension savings due to the debts of the contributor (beneficiary).
Thus, pension savings available in your individual pension saving account cannot be subject to enforcement by a bailiff or any third party.
Your individual pension saving account cannot be blocked under any circumstances!
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)