Information MESSAGE UAPF informs its depositors about the need to receive pension savings

UAPF JSC informs persons who have reached the retirement age (men-63 years and older, women-59.5 years and older in 2020), who have pension savings in the Fund and have not applied for pension payments, about the right to receive pension payments from the UAPF. We pay special attention to women who turned 59.5 years old in the past year. If they don't apply for payment by the end of the year, they will only be able to do so at 60 next year. As you know, according to the law "on pension provision in the Republic of Kazakhstan", the retirement age of women increases by six months every year and in 2027 will be equal to the age of men.
We remind you that pension payments from the UAPF are established from the date of the recipient's request and are carried out until the pension savings are exhausted. To submit a single application in connection with reaching the retirement age, you must contact the NAO " state Corporation "Government for citizens" in accordance with the schedule of work of the State Corporation at any convenient time. In this case, you can submit an application 10 days before the retirement age.
On the basis of a single application, the recipient will also be provided with a proactive service for the payment of a state guarantee (the difference between the amount of mandatory pension contributions actually made, mandatory professional pension contributions, taking into account the level of inflation, and the amount of pension savings).
The UAPF transfers to the state Corporation the amounts of pension payments of recipients calculated in accordance with the provisions of the legislation of the Republic of Kazakhstan.
The amount of the monthly pension payment is defined as one-twelfth of the annual amount of pension payments calculated in accordance with the methodology for calculating the amount of pension payments approved by the decree of the Government of the Republic of Kazakhstan dated 02.10.2013 No. 1042.
At the same time, the calculated amount of the monthly pension payment is paid in the amount of at least 54 percent of the subsistence minimum established for the corresponding financial year by the law on the Republican budget (in 2020, from 01.04.2020 – 17,640.72 tenge = 54% * 32,668).
If the amount of pension savings on the date of application 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 2020 from 01.04.2020 – 485,292 tenge = 12 * 40,441).
If the balance of pension savings on the recipient's IPS after making the next monthly payment amounts to less than 54 percent of the subsistence minimum established for the corresponding financial year by the law on the Republican budget, this balance is paid together with the amount of the next payment.
Payments from budget funds and pension savings from the UAPF are made by the State Corporation on one day and to one Bank account of the recipient specified in the application.
In addition we inform you that pension savings payments from the UAPF are currently also made in the following cases:
departure for permanent residence outside the Republic of Kazakhstan;
establishment of disability group I or II indefinitely;
for burial and inheritance;
at the expense of voluntary pension contributions - upon reaching the age of fifty, as well as the establishment of disability.
Detailed information on the procedure for making pension payments, a list of necessary documents depending on the method of submitting them to the UAPF (in person/via postal communication / a third party), requirements for their registration, as well as application forms and samples of their filling, samples of powers of attorney, explanations of authorized state bodies are available on the UAPF website at www.enpf.kz
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 national Bank of the Republic of Kazakhstan manages the pension assets of the UAPF in trust. Since January 1, 2016, the functions of developing proposals for improving the efficiency of pension asset 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, and provides the depositor (recipient) with information about the state of their pension savings (more on www.enpf.kz).