Since January 2021, the EPPF has executed over 1 million applications for the use of pension savings for housing and treatment
As of March 1, 2022, since January 2021, the UAPF has executed 867,853 applications of depositors (recipients) for the use of pension savings to improve housing conditions. 2.7 trillion tenge has been transferred to special accounts of Kazakhstanis opened in authorized operator banks by the UAPF. The average amount of one-time pension payments is 3.1 million tenge.
Most of the executed applications were sent by residents of Almaty (17.7%), Nursultan (13.4%), Mangystau region (11.6%). On the website www.enpf .kz the "Indicators" section contains detailed information - for what purposes Kazakhstanis plan to use lump-sum pension payments and by region (subsections "Lump-sum pension payments for improving housing conditions by goals" and "Lump-sum pension payments for improving housing conditions", respectively).
To date, authorized operators accepting applications for the use of part of pension savings are JSC "Housing Construction Savings Bank "Otbasy Bank", JSC "Halyk Bank of Kazakhstan", JSC "Altyn Bank", JSC "Bank CenterCredit" and JSC "Bank Freedom Finance Kazakhstan". A significant part of the executed applications were submitted through JSC "Housing Construction Savings Bank "Otbasy Bank" (95.1% of the total number of executed applications), followed by JSC "Halyk Bank of Kazakhstan" (3.5%), JSC "Bank CenterCredit" (1.3%), JSC "Altyn Bank" (0.05%) and JSC "Bank Freedom Finance Kazakhstan" (0.03%).
We emphasize that after receiving a lump-sum pension payment to a special account opened with an authorized operator (JSC Housing Construction Savings Bank Otbasy Bank), the recipient provides the authorized operator with documents confirming the purpose of lump-sum pension payments within 20 working days from the date of their receipt (according to paragraph 13 of the Rules for Using Lump-sum Pension Payments to improve housing conditions in accordance with the legislation of the Republic of Kazakhstan). An exception is the replenishment of the contribution to housing construction savings for further accumulation in order to purchase a home or the construction of an individual residential building (including the acquisition of a land plot with a designated purpose
- individual housing construction. In this case, the recipient provides the bank with documents confirming the purpose of one-time pension payments within 3 years from the date of their receipt. For other authorized operators (second-tier banks), applications for a lump-sum pension payment and the recipient's documents for the purposes are considered in accordance with the procedure and deadlines established by the bank's internal documents. At the same time, the bank transfers lump-sum pension payments for their intended purpose within 10 working days from the date of crediting the amounts of lump-sum pension payments to the special accounts of the applicant (recipient). In case of failure to provide the authorized operator with supporting documents within the prescribed period, these funds are subject to return to the UAPF.
The recipient can also return the transferred amount to the UAPF without waiting for the specified period by submitting an appropriate application to the authorized operator, which the authorized operator must execute within 3 (three) working days from the date of receipt of the application for a refund from the recipient.
It should be noted that about 379.9 billion tenge was returned to individual pension accounts (IPS) of depositors (recipients) from authorized operators due to the fact that lump-sum pension payments by Kazakhstanis were not used in due time, according to the applicant's application and other reasons.
The UAPF also executed 198,657 applications for treatment totaling 176.4 billion tenge. At the same time, the average withdrawal amount is 0.9 million tenge. At the same time, 19.9 billion tenge was returned to the IPS of depositors (recipients) to the UAPF from the authorized operator (JSC "Housing Construction Savings Bank "Otbasy Bank"), these funds were not used in due time, at the request of the applicant and for other reasons.
You can get acquainted with the current statistics on the use of pension savings for treatment on the website www.enpf .kz in the "Indicators" section - "Lump-sum pension payments for treatment".
As of March 1 of this year, the Investment Portfolio Manager (IPM) transferred about 7.6 billion tenge, the UAPF executed 4,514 applications. The average transfer amount is 1.7 million tenge. Detailed statistics on the transfer of pension savings to trust management are also available on the enpf website.kz in the "Indicators" section - "Transfer of pension savings to management companies".
At the moment, the UAPF has concluded agreements on the trust management of pension assets with four UIPS. You can get acquainted with the information about them and study their investment declarations on the enpf website.kz in the "Services" section - "Register of investment portfolio managers". It should be noted that out of 7.6 billion tenge - 45.86% or 3.46 billion tenge was transferred to JSC "Jusan Invest", 27.65% or 2.09 billion tenge to JSC "Halyk Global Markets", 15.97% or 1.21 billion tenge to JSC "BCC Invest", 10.53% or 0.80 billion tenge to JSC "Centras Securities".
Recall that after receiving pension assets from the UAPF, the UIP invests them in authorized financial instruments specified in the Rules for the Implementation of Investment Portfolio Management Activities approved by Resolution No. 10 of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014, and provided for in the Investment Declaration of the UIP.
According to the Law on Pension Provision, UIPS have the right to charge a commission for investment management. The maximum value of the remuneration of the UIP may not exceed 7.5% of the investment income received. The actual amount of the commission fee is approved annually by the management body of the UIP and may change no more than once a year.
During the period when pension savings are under the management of the National Bank until the depositor reaches retirement age, a guarantee of the safety of pension savings, taking into account the level of inflation, is in effect. When transferring pension savings to the management of the UIP, the guarantee of the state is replaced by the guarantee of the management company to ensure the minimum level of profitability of pension assets, which is calculated based on the weighted average yield of pension assets transferred to the management of the UIP operating in the market.
The UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is
The Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF 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 occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz )