ANNOUNCEMENT
Forecasting and planning your future pension:
Pension Calculator and Personal Pension Savings Plan
UAPF invites everyone to take part in the Open Doors Day
On September 20 of this year, UAPF invites you to the next Open Doors Day. The topic of the upcoming meeting is How to save and find out your future pension: pension calculator and savings plan.
As is known, today many young people do not think about what awaits them in 30-40 years, that is, at retirement age. However, it is the younger generation that should take care of their decent provision after the end of their working life, since Kazakhstanis who do not have work experience before 1998 will not be able to receive a solidarity (PAYG) pension from the state, and the size of their future pension will depend mainly on their personal savings.
For forecasting and planning your pension, UAPF offers very convenient tools - Pension Calculator and Personal Pension Savings Plan, with which you can pre-calculate your future pension and create a plan to increase it.
Let us remind you that the pension calculator calculates the projected pension amount based on existing savings. The calculator is available in two types. The Current is a more simplified version, with which you can calculate the amount of payment of pension savings formed by mandatory pension contributions for those who retire in the coming year. The Forecast will not only calculate the expected pension, but also show its components, as well as 3 scenarios for its formation: pessimistic, realistic and optimistic.
The UAPF also offers a personal pension savings plan to help the contributor. Unlike the forecast pension calculator, which can be used to calculate the expected amount and schedule of pension benefits based on the current amount of pension savings and future contributions, the personal plan allows the user to independently:
- calculate the required amount of future contributions based on the desired amount of pension payments taking into account the current amount of pension savings,
- monitor the implementation of the personal savings plan (through the automated personal notification system).
The pension plan functions have been updated, for example, the ability to automatically calculate the contributor's length of service in the savings system has been added, the design has been optimized, which will be discussed in detail by experts at a meeting with contributors.
The Fund's specialists will explain how to calculate a projected pension using a pension calculator, create and, if desired, change a pension plan, and tell about new opportunities for contributors when using the Pension Calculator and Personal Pension Savings Plan services.
During the event, its participants will be able to see for themselves how today it is possible to predict and influence income in old age, ensuring a comfortable life, using a pension calculator and pension plan.
Guests will have the opportunity to get answers not only on the topic of the event, but also to other questions concerning the pension system and personal pension savings.
Open Doors Day will be held online on September 20.
To participate in the event, each participant must follow the link https://enpf.webex.com/enpf/j.php?MTID=m070e2646e89595c84a940ca4eb646667
Then enter the event meeting number: 2510 633 4456 and the event password: 1234
UAPF JSC is waiting for its contributors, beneficiaries and everyone to come to the Open Doors Day!
UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the 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. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)