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IAPF holds an online seminar on the subject “School of financial journalism in the field of pension provision”
Integrated Accumulative Pension Fund, as part of active awareness-raising work among the population aimed at improving financial literacy, as well as awareness of the pension system and changes in pension laws, the formation of personal pension savings and the results of pension asset management, is conducting another free course of the school of financial journalism. Both current journalists and active bloggers from all over Kazakhstan, as well as students of journalism faculties can take part in the training. Within two days, specialists in the field of the accumulative pension system will hold master classes in Kazakh and Russian. The course program will include training modules on various subjects: - Pension systems of the world, demographic trends and the need for an accumulative component, the pension system in the Republic of Kazakhstan, the activities of IAPF, development strategy; - Management of pension assets of the National Bank of the Republic of Kazakhstan and Investment portfolio management; - Digital IAPF (presentation about the electronic services of the Fund); - Pension provision in the EAEU countries; - Types of payments of pension savings from IAPF. In addition, the heads of IAPF PR department will tell their current and future colleagues how awareness-raising work is carried out in the Fund and how to make interesting material about the accumulative pension system. The event will be held online on November 24 in Russian and on November 25 in Kazakh from 10.00 to 13.00. Pre-registration is required to participate. An application for participation is to be sent to the email: press@enpf.kz, indicating information about yourself: full name, name of the media or educational institution (for students), date of participation, email and WhatsApp number (for sending an invitation link). An invitation link will be sent to you the day before the start of the event.
The school has become a traditional annual event. Since 2017 about 400 current and future journalists have taken part in it.
IAPF was established on 22 August, 2013 on the basis of State Accumulative Pension Fund APF JSC. The founder and shareholder of IAPF is the Government of the Republic of Kazakhstan represented by the Committee of State Property and Privatization State Institution of the Ministry of Finance of the Republic of Kazakhstan. Trust management of IAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. Since 1 January, 2016, the functions of developing proposals to improve the efficiency of pension asset management have been transferred to the National Fund Management Council. In accordance with the pension laws, IAPF 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/her pension savings (for more details, see www.enpf.kz ).
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ANNOUNCEMENT
As of August 1, UAPF has fulfilled more than 1.7 million applications for the use of pension accumulations for housing and treatment
As of August 1, 2022, from January 2021, UAPF has executed 1,328,015 applications from contributors (beneficiaries) for the use of pension accumulations to improve housing conditions. More than 3.1 trillion tenge was transferred to the special accounts of Kazakhstanis opened in banks-authorized operators. The average amount of lump-sum pension payments amounted to about 2.4 million tenge.
Most of the executed applications were sent by residents of Almaty (17.60%), Nur-Sultan (14.03%), Mangistau region (10.35%). Detailed information is available on the website www.enpf.kz in the “Indicators” section - for what purposes do Kazakhstanis plan to use lump-sum pension payments and by regions (subsections “Lump-sum pension payments for improving housing conditions by goals” and “Lump-sum pension payments for improving housing conditions, respectively”).
To date, the authorized operators accepting applications for the use of a part of pension accumulations are Housing Construction Savings Bank Otbasy Bank JSC, Halyk Bank of Kazakhstan JSC, Altyn Bank JSC, Bank CenterCredit JSC and Freedom Finance Bank Kazakhstan JSC". We emphasize that after receipt of a lump sum pension payment to a special account opened with an authorized operator (Housing Construction Savings Bank Otbasy Bank JSC), the recipient provides the authorized operator with documents confirming the intended purpose of lump sum pension payments within 20 working days from the date of their receipt ( in accordance with paragraph 13 of the Rules for the use of 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 dwelling or build an individual residential building (including the acquisition of a land plot with a designated purpose - individual housing construction. In this case, the recipient provides Otbasy Bank with documents confirming the intended purpose of lump-sum pension payments in within 3 years from the date of their receipt. For other authorized operators (second-tier banks), applications for a one-time pension payment and documents of the recipient by purpose are considered in the manner and terms 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 UAPF.
The recipient can also return the transferred amount to UAPF without waiting for the specified period by submitting to the authorized operator a corresponding application, which the authorized operator must execute within 3 (three) business days from the date of receipt of the application for a refund from the recipient.
It should be noted that 450.6 billion tenge was returned to the individual pension accounts (IPA) of contributors (beneficiaries) from authorized operators due to the fact that lump-sum pension payments by Kazakhstanis were not used within the established time frame, according to the applicant's application and for other reasons.
UAPF also executed 388,824 applications for treatment for a total amount of 302.5 billion tenge. At the same time, the average withdrawal amount is about 0.8 million tenge. At the same time, 31.3 billion tenge was returned to the IPAs of depositors (beneficiaries) in UAPF from the authorized operator (Housing Construction Savings Bank Otbasy Bank JSC), these funds were not used on 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 section "Indicators" - "Lump-sum pension payments for treatment".
As of August 1 of this year, the investment portfolio manager (IPM) transferred 8.7 billion tenge, UAPF executed 5,877 applications. The average transfer amount is about 1.5 million tenge. Detailed statistics on the transfer of pension savings to trust management is also available on the website enpf.kz in the section "Indicators" - "Transfer of pension savings to management companies".
At the moment, UAPF has concluded agreements on trust management of pension assets with four IPMs. You can get acquainted with information about them and study their investment declarations on the website enpf.kz in the section "Services" - "Register of Investment Portfolio Managers".
Recall that after receiving pension assets from UAPF, the IPM invests them in permitted financial instruments specified in the Rules for the implementation of investment portfolio management activities, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014 No. 10, and provided for in the Investment Declaration of the IPM.
Under the Pensions Law, IPMs are entitled to charge an investment management fee. The maximum amount of remuneration of the IPM cannot exceed 7.5% of the received investment income. The actual amount of the commission is annually approved by the governing body of the IPM 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, there is a guarantee of the safety of pension savings, taking into account the level of inflation. When transferring pension savings to the management of the IPM, the state guarantee is replaced by the guarantee of the management company to ensure the minimum level of profitability of pension assets, which is calculated on the basis of the weighted average profitability of pension assets transferred to the management of the IPM operating on the market.
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)
ANNOUNCEMENT
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Since the start of operation of the APS, net investment income amounted to KZT6.8 trillion
The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of June 1, 2022 is about KZT12.8 trillion. As you know, this amount includes the pension contributions of contributors and investment income. The share of investment income in pension savings is growing every year. In general, the net investment income provided by the National Bank since 2014 (the end of the process of merging all pension assets into the UAPF) amounted to KZT5.9 trillion. If we consider investment income from the beginning of the functioning of the accumulative pension system in Kazakhstan, then it amounts to KZT6.8 trillion. Since the beginning of the year, against the backdrop of a worsening geopolitical situation, volatility has increased in the global financial and commodity markets, which has affected both the growth of inflation and the return on pension assets. Thus, the return on pension assets changes due to the market and currency revaluation of financial instruments, which since the beginning of the year has been both positive and negative in different periods. Retirement savings are invested in financial instruments in different currencies. About 2/3 of investments are placed in tenge and about 1/3 - in foreign currency, most of the foreign currency investments - in US dollars. Accordingly, the dollar exchange rate is reflected in investment income as part of pension assets: if the national currency strengthens, investment income may decrease, and if the dollar exchange rate rises, it can grow. In general, it is worth emphasizing that since 2014 the foreign exchange share of pension assets has increased from 17% to 29%. From January to early March 2022, the tenge depreciated against the US dollar from KZT431 to KZT495 and to KZT512. Thus, there was a positive currency revaluation of pension assets on a weekly basis. Contributors have seen significant positive investment returns in their individual pension saving accounts. Then the national currency began to strengthen, the dollar exchange rate, respectively, to decline. As of June 1, it was KZT414.67 per 1 dollar. Since the revaluation of pension assets is carried out weekly and on the last day of the month, contributors see changes in their statements. As a result, negative events in the financial markets and currency revaluation of assets had an impact on investment returns, which over the past 12 calendar months amounted to 4.14%. It is worth emphasizing that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short-term data (weekly, monthly, etc.) are not indicative, because subject to constant changes in market conditions. For example, the amount of net investment income for the past 2021, distributed to the pension accounts of contributors (beneficiaries), amounted to about KZT1.4 trillion, which exceeded the amount of contributions received during the year (1.3 trillion tenge). The yield on pension assets of the UAPF in 2021 managed by the National Bank of Kazakhstan since the beginning of the year amounted to 11.13%, with inflation of 8.4%. From the April of 2014 to June 1, 2022, the yield managed by the NBRK was 99.94%. The investment return from the day the accumulative pension system was founded (1998) as of June 1, 2022, on an accrual basis, amounted to 670.58%, with inflation for the entire period of 603.68%. Thus, the real (i.e., exceeding inflation) return on pension assets for the period from the start of the funded pension system as of June 1, 2022 amounted to 66.90%. The entire system of investment management and accounting for pension assets is transparent: each contributor has the opportunity to see his investment income in his personal account on the enpf.kz website or in a mobile application. Information on the investment management of UAPF pension assets and on financial instruments in which UAPF pension assets are placed is published on the UAPF official website (www.enpf.kz) in the “Indicators/Investment Activity” section.
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)
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ANNOUNCEMENT
Since the beginning of the year, UAPF contributors have received over 16.5 million services
As of June 1, 2022, more than 16.5 million services have been provided by the Unified Accumulative Pension Fund to contributors and recipients since the beginning of 2022. Of these, more than 11.3 million transactions were carried out in electronic format, and more than 4 million in automatic mode. Thus, Kazakhstan citizens receive about 93% of pension services remotely.
UAPF contributors at the moment, literally in two or three clicks, can receive an extract from an individual pension saving account, make changes and additions to their details, receive a certificate of the presence of an IPSA, apply for the appointment of pension benefits in connection with the establishment of disability of group 1 or 2 indefinitely, as well as on voluntary pension contributions, track the status of an application for benefit and much more.
The no-claim service format provides for the automatic opening of individual pension saving accounts for accounting for compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC) and voluntary pension contributions (VPC). Recall that if an individual does not have an open IPSA in the UAPF, it opens in the UAPF information system automatically upon receipt of the first installment. In this case, the identification of an individual is carried out according to the personal data specified in the electronic format of the payment order when transferring the CPC, COPC or VPC. All the necessary information about the details of the current document and the place of residence of the contributor, UAPF receives from the information systems of state bodies. Thus, more than 4 million services were provided to the Fund's contributors automatically.
To receive some services (for example, registration of pension benefits by inheritance or in connection with leaving for permanent residence), the provision of original documents is required, which can be provided by mail or in person, or by an attorney at the UAPF office. In addition, there are contributors who still prefer a personal appeal to the Fund's specialists. Therefore, through the traditional face-to-face service in UAPF divisions throughout Kazakhstan, about 727.2 thousand services have been provided to contributors and beneficiaries since the beginning of the year. Recall that the nearest branch of the Fund can be easily clarified on the enpf.kz website, or on the UAPF mobile application.
About 34.1 thousand operations were performed during field service. This type of provision of the Fund's services is provided, first of all, for contributors (recipients) belonging to the category of socially vulnerable segments of the population (disabled people of the 1st and 2nd groups, who have disability indefinitely).
Within the framework of the joint project of UAPF JSC and Kazpost JSC on the provision of pension services in remote settlements in the branches of the national postal operator, as of June 1, 2022, more than 5.6 thousand services were provided to fund contributors in 347 post offices.
UAPF pays special attention to the provision of high-quality consulting services and the development of information channels for contributors and recipients of the Fund. As of June 1, 2022, over 455.6 thousand applications received through various communication channels with contributors and beneficiaries were processed.
We remind you that UAPF contributors and recipients can get advice in the call center at 1418 (calls within Kazakhstan are free), as well as on the corporate website enpf.kz, via a chat bot in WhatsApp and Viber at +7 777 000 14 18 and on UAPF official pages on social networks Instagram, Facebook, VKontakte, Twitter, Telegram, Odnoklassniki
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)
ИНФОРМАЦИОННОЕ СООБЩЕНИЕ
Свыше 480 миллиардов тенге возвращено на индивидуальные пенсионные счета вкладчиков ЕНПФ
По состоянию на 1 июля 2022 года с января 2021 года ЕНПФ исполнены 1 325 680 заявлений вкладчиков (получателей) на использование пенсионных накоплений для улучшения жилищных условий. На спецсчета казахстанцев, открытые в банках-уполномоченных операторах, ЕНПФ переведено более 3,1 трлн тенге. Средняя сумма единовременных пенсионных выплат составила порядка 2,4 млн тенге.
Больше всего исполненных заявлений направлено жителями г.Алматы (17,63%), г.Нур-Султан (13,97%), Мангистауской области (10,36%). На сайте www.enpf.kz в разделе «Показатели» размещена подробная информация - на какие цели казахстанцы планируют использовать единовременные пенсионные выплаты и в разрезе регионов (подразделы «Единовременные пенсионные выплаты на улучшение жилищных условий по целям» и «Единовременные пенсионные выплаты на улучшение жилищных условий», соответственно).
На сегодняшний день уполномоченными операторами, принимающими заявления на использование части пенсионных накоплений, являются АО «Жилищный строительный сберегательный банк «Отбасы банк», АО «Народный банк Казахстана», АО «Altyn Bank», АО «Банк ЦентрКредит» и АО «Банк Фридом Финанс Казахстан». Подчеркнём, что после поступления единовременной пенсионной выплаты на спецсчет, открытый у уполномоченного оператора (АО «Жилищный строительный сберегательный банк «Отбасы банк»), получатель предоставляет уполномоченному оператору документы, подтверждающие целевое назначение единовременных пенсионных выплат в течение 20 рабочих дней с даты их поступления (согласно пункту 13 Правил использования единовременных пенсионных выплат для улучшения жилищных условий в соответствии с законодательством Республики Казахстан). Исключением является пополнение вклада в жилищные строительные сбережения для дальнейшего накопления с целью приобретения жилища или строительство индивидуального жилого дома (включая приобретение земельного участка с целевым назначением – индивидуальное жилищное строительство. В данном случае получатель предоставляет в Отбасы банк документы, подтверждающие целевое назначение единовременных пенсионных выплат в течение 3 лет с даты их поступления. По другим уполномоченным операторам (банки второго уровня) заявления на единовременную пенсионную выплату и документы получателя по целям, рассматриваются в порядке и сроки, установленным внутренними документами банка. При этом, банк перечисляет единовременные пенсионные выплаты по их целевому назначению в течение 10 рабочих дней с даты зачисления сумм единовременных пенсионных выплат на специальные счета заявителя (получателя). В случае непредоставления уполномоченному оператору подтверждающих документов в установленный срок, эти средства подлежат возврату в ЕНПФ.
Получатель также может вернуть в ЕНПФ переведенную сумму, не дожидаясь указанного срока, подав уполномоченному оператору соответствующее заявление, которое уполномоченный оператор должен исполнить в течение 3 (трех) рабочих дней с даты получения заявления на возврат от получателя.
Отметим, что порядка 449,0 млрд тенге возвращено на индивидуальные пенсионные счета (ИПС) вкладчиков (получателей) от уполномоченных операторов в связи с тем, что единовременные пенсионные выплаты казахстанцами не были использованы на улучшение жилищных условий в установленные сроки, по заявлению заявителя и иным причинам.
Также ЕНПФ исполнены 386 884 заявления на лечение на общую сумму 300,2 млрд тенге. При этом средняя сумма изъятия составляет порядка 0,8 млн тенге. Вместе с тем, на ИПС вкладчиков (получателей) в ЕНПФ вернулось 31,2 млрд тенге от уполномоченного оператора (АО «Жилищный строительный сберегательный банк «Отбасы банк»), данные средства не были использованы на лечение в установленные сроки, по заявлению заявителя и иным причинам.
Ознакомиться с актуальной статистикой по использованию пенсионных накоплений на лечение можно на сайте www.enpf.kz в разделе «Показатели» - «Единовременные пенсионные выплаты на лечение».
Управляющим инвестиционным портфелем (УИП) по состоянию на 1 июля текущего года переведено порядка 8,7 млрд тенге, ЕНПФ исполнены 5 876 заявлений. Средняя сумма перевода составляет порядка 1,5 млн тенге. Подробная статистика по передаче пенсионных накоплений в доверительное управление также доступна на сайте enpf.kz в разделе «Показатели» - «Передача пенсионных накоплений управляющим компаниям».
На данный момент ЕНПФ заключены договоры о доверительном управлении пенсионными активами с четырьмя УИП. Ознакомиться с информацией о них и изучить их инвестиционные декларации можно на сайте enpf.kz в разделе «Услуги» - «Реестр управляющих инвестиционным портфелем».
Напомним, что после получения пенсионных активов от ЕНПФ УИП инвестирует их в разрешенные финансовые инструменты, указанные в Правилах осуществления деятельности по управлению инвестиционным портфелем, утвержденных постановлением Правления Национального Банка РК от 3 февраля 2014 года №10, и предусмотренные в Инвестиционной декларации УИП.
Согласно Закону о пенсионном обеспечении, УИП имеют право на взимание комиссионного вознаграждения за инвестиционное управление. Предельная величина вознаграждения УИП не может превышать 7,5% от полученного инвестиционного дохода. Фактическая величина комиссионного вознаграждения ежегодно утверждается органом управления УИП и может меняться не чаще одного раза в год.
В период нахождения пенсионных накоплений под управлением Национального Банка до достижения вкладчиком пенсионного возраста действует гарантия сохранности пенсионных накоплений с учетом уровня инфляции. При переводе пенсионных накоплений в управление УИП гарантия государства заменяется гарантией управляющей компании по обеспечению минимального уровня доходности пенсионных активов, который рассчитывается исходя из средневзвешенной доходности пенсионных активов, переданных в управление УИП, действующим на рынке.
ЕНПФ создан 22 августа 2013 года на базе АО «НПФ «ГНПФ». Учредителем и акционером ЕНПФ является Правительство Республики Казахстан в лице ГУ «Комитет государственного имущества и приватизации» Министерства финансов Республики Казахстан. Доверительное управление пенсионными активами ЕНПФ осуществляет Национальный Банк Республики Казахстан. С 1 января 2016 года функции по выработке предложений по повышению эффективности управления пенсионными активами переданы Совету по управлению Национальным фондом. В соответствии с пенсионным законодательством ЕНПФ осуществляет привлечение обязательных пенсионных взносов, обязательных профессиональных пенсионных взносов, добровольных пенсионных взносов, пенсионные выплаты, индивидуальный учет пенсионных накоплений и выплат, предоставляет вкладчику (получателю) информацию о состоянии его пенсионных накоплений (подробнее на www.enpf.kz)
ANNOUNCEMENT
The maximum monthly pension payment from the UAPF is over 707 thousand tenge
Key indicators of UAPF as of June 1
As of June 1, 2022, pension savings in the amount of KZT12.8 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund.
The main amount of pension savings was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT12.4 trillion. The amount of pension savings on compulsory occupational pension contributions (COPC) amounted to KZT374.5 billion, the amount of pension savings on voluntary pension contributions (VPC) amounted to about KZT2.6 billion.
Incoming flows, in particular, contributions this year continue to increase. For five months of 2022, pension contributions in the total amount of about KZT661.9 billion were received on the accounts of contributors, which exceeded the figure for the same period in 2021 by 29% or KZT147.2 billion. It should be noted that the growth occurred in all types of contributions. Of the total contributions, 95.1% are receipts to the UAPF from the CPC - KZT629.3 billion (an increase of 28% over the past 12 months), KZT31.4 billion were received from the COPC (an increase of 37%), KZT1.2 billion (an increase of 402%) was transferred as VPC.
The number of individual pension saving accounts in the UAPF as of June 1, 2022 also increased over the year and amounted to 11.9 million units (an increase of 2.7%). The largest number of accounts opened for compulsory pension contributions (CPC) - 10,872,201 units. The number of accounts formed at the expense of the COPC increased over the year by 8.8% and amounted to 569,957 units. It should be noted that a significant increase in VPC is due to the fact that unclaimed amounts of guarantee compensation for depositors were transferred from the Kazakhstan Deposit Guarantee Fund (KDGF) to UAPF for crediting to individual pension accounts (IPA) to account for voluntary pension contributions (VPC).
Since the beginning of the year, UAPF has paid KZT947.5 billion. Most of the payments were lump-sum pension benefits (LSPB) for the improvement of housing conditions and medical treatment - KZT840.6 billion. Old age pension benefits amounted to KZT42.4 billion, inheritance payments - KZT28.6 billion, pension benefit payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT20.9 billion, about KZT11.7 billion were transferred to insurance organizations, payments for burial - KZT2.3 billion and disability benefit payments - KZT1.0 billion.
It should be noted that the amount of the average monthly benefit according to the schedule from the UAPF (in connection with reaching the retirement age) amounted to KZT29,360, and the maximum amount of the monthly pension benefit was KZT707,326.
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)
ANNOUNCEMENT
The maximum monthly pension payment from the UAPF is over 707 thousand tenge
Key indicators of UAPF as of June 1
As of June 1, 2022, pension savings in the amount of KZT12.8 trillion were formed on the accounts of contributors of the Unified Accumulative Pension Fund.
The main amount of pension savings was formed at the expense of compulsory pension contributions (CPC) and amounted to KZT12.4 trillion. The amount of pension savings on compulsory occupational pension contributions (COPC) amounted to KZT374.5 billion, the amount of pension savings on voluntary pension contributions (VPC) amounted to about KZT2.6 billion.
Incoming flows, in particular, contributions this year continue to increase. For five months of 2022, pension contributions in the total amount of about KZT661.9 billion were received on the accounts of contributors, which exceeded the figure for the same period in 2021 by 29% or KZT147.2 billion. It should be noted that the growth occurred in all types of contributions. Of the total contributions, 95.1% are receipts to the UAPF from the CPC - KZT629.3 billion (an increase of 28% over the past 12 months), KZT31.4 billion were received from the COPC (an increase of 37%), KZT1.2 billion (an increase of 402%) was transferred as VPC.
The number of individual pension saving accounts in the UAPF as of June 1, 2022 also increased over the year and amounted to 11.9 million units (an increase of 2.7%). The largest number of accounts opened for compulsory pension contributions (CPC) - 10,872,201 units. The number of accounts formed at the expense of the COPC increased over the year by 8.8% and amounted to 569,957 units. It should be noted that a significant increase in VPC is due to the fact that unclaimed amounts of guarantee compensation for depositors were transferred from the Kazakhstan Deposit Guarantee Fund (KDGF) to UAPF for crediting to individual pension accounts (IPA) to account for voluntary pension contributions (VPC).
Since the beginning of the year, UAPF has paid KZT947.5 billion. Most of the payments were lump-sum pension benefits (LSPB) for the improvement of housing conditions and medical treatment - KZT840.6 billion. Old age pension benefits amounted to KZT42.4 billion, inheritance payments - KZT28.6 billion, pension benefit payments in connection with leaving for permanent residence outside the Republic of Kazakhstan - KZT20.9 billion, about KZT11.7 billion were transferred to insurance organizations, payments for burial - KZT2.3 billion and disability benefit payments - KZT1.0 billion.
It should be noted that the amount of the average monthly benefit according to the schedule from the UAPF (in connection with reaching the retirement age) amounted to KZT29,360, and the maximum amount of the monthly pension benefit was KZT707,326.
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)
I have entered into an ICA, but at the moment I do not receive income from it, can I make contributions in my favor?
If an independent contractor agreement (ICA) is concluded with an individual who is not a withholding agent, then you yourself have the right to make contributions in your favor in the amount of at least 10% of the income received, but not more than 10% of 50 times the minimum wage established for the corresponding financial year by the law on the republican budget (MRZP in 2022 is 60 thousand tenge).
If the ICA is concluded with a tax agent (individual entrepreneur, legal entity, as well as a person engaged in private practice), then in the absence of payment, he does not make compulsory pension contributions to your individual pension saving account.
Since at the moment you do not receive income, you can independently make deductions of voluntary pension contributions (VPC) in your favor at the expense of your income, through second-tier banks. The amount and frequency of payment of VPC are established by an individual independently.
If you are not a self-employed person, you can also make contributions to the Single Aggregate Payment (SAP). According to Article 774 of the Tax Code of the Republic of Kazakhstan dated December 25, 2017 No. 120-VI On taxes and other obligatory payments to the budget, SAP payers are individuals who carry out entrepreneurial activities without registering as an individual entrepreneur, who simultaneously meet the following conditions:
1) paid SAP;
2) do not use the labor of employees;
3) provide services exclusively to individuals who are not tax agents, and (or) sell exclusively to individuals who are not tax agents, agricultural products of personal subsidiary plots of their own production, with the exception of excisable products. At the same time, the amount of the SAP payer's income received as a result of carrying out the types of activities specified in this subparagraph for the calendar year should not exceed 1175 times the amount of the monthly calculation index established by the law on the republican budget and effective as of January 1 of the corresponding financial year. Individuals are recognized as SAP payers from the date on which such payment is made until the last day of the month for which SAP is paid.
SAP is subject to payment in the total amount by depositing SAP by the payer in cash or by bank transfer through banks and organizations engaged in certain types of banking operations to the bank account of the State Corporation.
SAP size in 2022 is:
- 1 MCI or 3,063.00 tenge in cities of republican significance, the capital and regional significance;
- 0.5 MCI or 1,531.50 tenge in other settlements.
I am interested in increasing the threshold for the adequacy of pension savings for the possibility of using part of them for housing or medical treatment. For example, my birthday is April 25, 1983, until April 25, 2022 the threshold will be, as now, 3,220,000 tenge? Or from January 01,2022 my threshold has increased to 5,640,000 tenge?
The Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan (hereinafter referred to as the Law) determines that the threshold for the minimum adequacy of pension savings is the minimum amount of pension savings formed from compulsory pension contributions and (or) compulsory occupational pension contributions necessary to ensure a monthly pension not less than the amount of the minimum pension established by the law on the republican budget.
The thresholds for the minimum adequacy of pension savings (hereinafter referred to as MAP) are calculated annually in accordance with the Methodology for determining MAP, approved by Decree of the Government of the Republic of Kazakhstan dated January 6, 2021 No. 1. This Methodology is an open regulatory legal act and is freely available on the Internet, including on the Fund’s website. In the Methodology, the algorithm for calculating the PMD is described in great detail.
Thus, when calculating the MAP, the UAPF uses the relevant parameters established by the Methodology, including those presented on an annual basis by the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan, agreed with the Ministry of National Economy of the Republic of Kazakhstan.
At the same time, Decree of the Government of the Republic of Kazakhstan dated December 13, 2021 No. 875 made an addition to the Decree of the Government of the Republic of Kazakhstan dated January 6, 2021 No. 1, according to which it was established that the MAP calculated for 2021 are valid until April 1, 2022.
Subject to the foregoing, and including the fact that the size of the MAP is reviewed annually by the UAPF, in your case, the MAP will be:
from April 25, 2021 to March 31, 2022 inclusive 3 million 220 thousand tenge;
from April 1, 2022 to April 24, 2022 inclusive - 5 million 490 thousand tenge;
from April 25, 2022 to December 31, 2022 inclusive - 5 million 640 thousand tenge.
We note that on the part of UAPF, the amount available for withdrawal is checked taking into account the MAP on the day the electronic notification is received from the authorized operator.