Why do you need to apply for your pension on time?

Why do you need to apply for your pension on time?

 

The UAPF recalls that persons who have pension savings in the UAPF, formed at the expense of mandatory pension contributions and (or) mandatory professional pension contributions, and who have reached the generally established retirement age, as well as persons with disabilities of the first and second groups, if the disability is established indefinitely,are entitled to receive pension payments from the UAPFaccording to the established schedule.

 

To assign pension payments from the UAPF in connection with reaching the retirement age, recipientsmust manner, and for payment in connection with the establishment of disability of the first or second group indefinitely – to the UAPF divisions, including through the UAPF website if there is an electronic digital signature. Documents to the PSC together with the application can be submitted10 days before the recipient reaches retirement age.We strongly recommend that you comply with this deadline, as this is especially important for obtaining a state pension, which requires checking the length of service according to the submitted documents. In addition, according to the legislation, the assignment of old-age pensions and the state basic payment is madefrom the date of application. This day is considered to be the day when the application and necessary documents are registered with the State Corporation "Government for Citizens "(hereinafter referred to as the State Corporation, PSC).

Recall that the old-age pension can be received by persons who have reached the generally established retirement age: men at the age of 63, women at the age of 61 in 2024. Pension payments from the UAPF are made until the pension savings are exhausted.

Meanwhile, in order to provide a proactive service for making pension payments from the UAPF to persons who have reached retirement age,have pension savings in the UAPF and have not applied for their paymentUAPF conducts an annual reconciliation together with the State Corporation for whether these citizens have assigned pension payments by age and the state basic pension payment at the expense of budget funds.

Based on the results of the annual reconciliation, when identifying individuals who have assigned pension payments at the expense of budget funds, the UAPF makes pension payments to them under the relevant agreement concluded with the State Corporation.

 

Thus, according to the results of the annual reconciliation as of March 1 of this yearof about 200 thousand personsreached retirement age, have pension savings in the UAPF and have not applied for their payment, according to the State Corporation:

  • about45 thousandpersons who are not recipients of old-age pension payments/basic pension; 

  • about92 thousand persons are recipients old-age pension payments/basic pension/for long service at the expense of budget funds, of which: 

- about20 thousandcitizens this year independently applied to the PSC at their place of residence for a pension payment from the UAPF;

- about72 thousandcitizens were assigned pension payments from the UAPF in a proactive format based on reconciliation results;

  • About63 thousandpersons are permanently residing outside the Republic of Kazakhstan or have died. 

 

Thus, according to the results of the above reconciliation, during March-April of this year, the UAPF made pension payments from the UAPF to about 72 thousand citizens without their applying to the PSC in a proactive format

 

 

 

 

UAPF was established on August 22, 2013 on the basis of JSC " NPF "SAPF". 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. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. 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, provides the depositor (recipient) with information on the state of his pension savings (more information onwww.enpf.kz).