Current issues about the UAPF
1) Who is entitled to receive scheduled pension benefits from the UAPF?
In accordance with the Social Code of the Republic of Kazakhstan, monthly pension benefits derived from mandatory pension contributions and/or mandatory occupational pension contributions (hereinafter referred to as MOPC) are made from the Unified Accumulative Pension Fund (UAPF) to individuals with pension savings in the UAPF who meet the following criteria:
- They have reached the retirement age (63 years for men; 61 years for women—with the age for women increasing by 6 months annually, starting from 2028, until it reaches 63 years in 2031).
- They have reached the age of 55 and have had mandatory occupational pension contributions paid on their behalf for a total of at least 84 calendar months by the time they apply for pension benefits, provided they have ceased employment in hazardous working conditions (in roles specified in the list of industries, jobs, and professions approved by the authorized state body).
- They have been granted a Group 1 or Group 2 disability status on an indefinite basis.
Pension benefits derived from voluntary pension contributions may begin before the standard retirement age—specifically, from the age of 50. Furthermore, such benefits are available to individuals with disabilities, regardless of the disability group or the duration for which the disability status has been assigned. In these cases, the payment schedule is determined by the contributor themselves.
2) How scheduled benefits are calculated?
Scheduled benefits are calculated as follows: for the first year of receiving benefits, the total amount of pension savings is multiplied by a payout rate of 6.5% and then divided by 12. In subsequent years, the monthly pension benefit amount is increased by an indexation rate of 5%. Furthermore, the monthly pension benefit from the UAPF (Unified Accumulative Pension Fund) must be at least 70% of the subsistence minimum (hereinafter referred to as the "SM") established for the relevant fiscal year by the Law on the Republican Budget.
For certain categories of beneficiaries—specifically, individuals with a Group 1 or 2 disability (assigned on an indefinite basis) and those who have worked in hazardous or dangerous occupations—the Methodology provides for adjustment coefficients that increase the monthly pension benefit amount, provided that their savings include at least 60 months of MOPC. If an individual meets more than one of these criteria, the adjustment coefficient with the highest value is applied.
When calculating and issuing pension benefits to individuals who have reached the age of 55 and for whom MOPC have been paid for a total of at least 84 months:
- the requirement that the pension benefit must be at least 70% of the SM does not apply;
- the adjustment coefficients do not apply;
- any remaining balance in an individual pension savings account that is less than 70% of the SM cannot be paid out in addition to the regular monthly pension benefit.
It should be noted that pension benefits from the UAPF are paid until the pension savings are exhausted.
If, as of the date of a payment from the UAPF, the total amount of pension savings does not exceed twelve times the minimum pension—as established by the law on the republican budget for the relevant fiscal year—the benefit is paid as a single lump sum
3) Where and when should one apply for the payout of pension savings from the UAPF upon reaching retirement age?
To receive pension benefits from the Unified Accumulative Pension Fund based on mandatory pension contributions upon reaching retirement age, as well as to obtain the basic and PAYG pensions from the state budget, individuals must submit an application in a timely manner to the "Government for Citizens" State Corporation (Public Service Center — PSC) at their place of residence. This may be done up to 10 days before reaching retirement age. All types of age-based pension benefits commence from the date of application. The date of application is defined as the day the application and required documents are registered at the PSC, provided the individual has already reached retirement age; if the application is submitted earlier, the date of reaching retirement age is considered the date of application. Timely submission is particularly important for receiving state-funded pension benefits, which require a verification of the individual's employment history based on the documents provided. State-funded pension benefits are made for life, while benefits from the UAPF continue until the individual's pension savings are exhausted.
Please note that individuals who have reached the age of fifty or who have a disability may apply to the UAPF to receive benefits derived from voluntary pension contributions (VPCs). Such applications can be submitted via the user's personal account on the UAPF website, through the UAPF mobile app, or in person at a UAPF office.
4) In what cases are pension benefits funded by voluntary pension contributions granted automatically?
In accordance with amendments to the Social Code of the Republic of Kazakhstan—which provide for the disbursement of pension benefits funded by Voluntary Pension Contributions (VPC) according to the procedures and terms defined in the VPC-based pension provision agreement and the pension rules of UAPF—a proactive (application-free) procedure for VPC-based pension benefits will be introduced starting in March 2026. This applies to individuals who have reached retirement age and hold VPC-based pension savings in the UAPF, but who have not previously applied to the UAPF for such benefits (e.g., upon reaching the age of 50 or due to a disability).
The proactive procedure for VPC-based pension benefits (where applicable) entails:
• The automatic authorization of VPC-based pension benefits by the UAPF when an individual submits an application to the State Corporation—following established procedures—to receive a state-funded pension and/or MPC- or MOPC-based benefits upon reaching retirement age.
• The disbursement of VPC-based funds as part of a proactive service, based on an annual reconciliation with the State Corporation to verify whether the individuals in question are already receiving age-based state pensions and/or the state basic pension benefit, as recorded in the information system of the authorized body for social protection.
5) Where should one apply to receive a payout of pension savings in the event of being granted a permanent disability status (Group 1 or 2)?
To claim a pension benefit due to being granted a permanent disability status (Group I or II), you must contact a UAPF branch, or use your personal account on the UAPF website (enpf.kz) or the UAPF mobile app, authenticated with an electronic digital signature.
Please note that the UAPF offers on-site service for individuals with a permanent Group I or II disability. This process includes an initial consultation to determine whether the required services can be provided remotely, without the need for an in-person visit.
6) Where can I find the list of documents required to apply for pension benefits from the UAPF?
The website enpf.kz, under the "Services – Pension Benefits" section, provides a list of required documents—varying based on the type of pension benefit and the submission method—along with formatting requirements, application forms, sample completed forms, and a template for a power of attorney. Additionally, the "Online Services" section offers a tool for the preliminary review of documents intended for UAPF pension benefits (the service is titled "Preliminary Review of Pension Benefit Documents": https://www.enpf.kz/ru/elektronnye-servisy/checkdoc.php).
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 mandatory pension contributions, employer’s mandatory pension contributions, mandatory 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)
A race and walk took place in the Samar region as part of the republican information campaign "Ayel omiri ushin" ("For the Life of a Woman"), aimed at raising awareness about breast cancer. The action was held with the support of the regional branch of the Adilet party.
More than 50 women representatives of labor collectives of organizations, civil servants and residents of the district took part in the event. The participants came together to support the idea of caring for women's health and to remind them of the importance of timely examination and disease prevention.
Following the results of the race, the participants who were the first to reach the finish line were awarded with diplomas and gifts.
On the same day, women could receive free consultations from specialists, including a mammologist, at the district hospital, as well as undergo a medical examination.
The event was part of an effort to draw attention to women's health issues and the importance of early detection of diseases.
During the festive event, teachers and veterans of teaching work, who devoted their lives to the education and upbringing of the younger generation, were honored.
On behalf of the Akim of the Samara region, the teachers were congratulated by the deputy akim of the district Sultan Amangeldinov. He congratulated the teachers on their professional holiday and thanked them for their contribution to the field of education, dedication and hard work. He also wished the teachers good health, family well-being, success in their work and new achievements.
During the solemn event, a number of teachers were awarded letters of Thanks for their significant contribution to the development of education and many years of conscientious work.
The festive evening continued with a concert program dedicated to special teachers. The guests of the evening were presented with songs and performances of creative teams.
The ferry "Odessa" has completed its navigation season at the Vasiliev crossing. On the occasion of the end of the season, the crew and management of the ship were congratulated by representatives of the Samara region.
On behalf of the Akim of the Samara region and personally, Deputy akim of the district Sultan Amangeldinov congratulated the crew on the successful completion of the navigation season.
"On behalf of the mayor of the Samara region and on my own behalf, I congratulate the entire crew of the Odessa ferry on the successful completion of the navigation season. I would like to thank you for your work, responsible work and contribution to the development of the tourism industry of our district. I wish you all well — being, a good rest and successful preparation for the next season," Sultan Amangeldinov said.
A concert program was presented to the crew of the ferry by the artists of the House of culture of the Samara region.
The director of the ferry" Odessa " Yevgeny Filippov, in turn, thanked the leadership of the Samara region for their support and the creation of comfortable conditions for tourists. According to him, this year, despite the fact that the navigation season lasted only five months, passenger traffic increased by 15%.
"This season was short — only five months. Nevertheless, passenger traffic increased by 15%. This was influenced by a number of factors: the development of the tourism industry in the Samara region, the holding of major tourist festivals in the Katon-Karagai district, the Samara region and the Markakol region, as well as the improvement of the territory of the Vasilievsky passage. For a tourist, it is important not only the presence of a passage, but also in what conditions the ship is expected and what the environment around it is," said Yevgeny Filippov.
It should be recalled that at the beginning of the navigation season, the mayor of Samara district Serik Zhenisov promised to provide the necessary support to the Ferry Management and improve the territory of the crossing so that tourists can wait for the ship in comfortable conditions. This promise was fulfilled in a short time: gazebos were installed here, lighting was carried out, the harbor was painted and containers for collecting garbage were placed. During the season, residents and akimats of Sarybel rural district regularly held subbotniks and took out garbage several times a week.
Evgeny Filippov noted that next year the leadership of the Bolshoi Naryn district may also follow the example of the Samaritans and pay attention to the improvement of the harbor area.
"I think that next year the leadership of the Bolshoi Naryn district may also follow the example of the Samara district and engage in the improvement of the harbor area. This is important because the appearance of navigation objects directly contributes to the impression of tourists about the region. It is especially important now, when this crossing is becoming part of the tourist route. The impression of a tourist is formed from all the details, from the road, to the territory waiting for the ship and the ship itself," the director of the ferry noted.
After the end of navigation, the ferry "Odessa" is sent for repair. According to E Geny Filippo, by next season it is planned to update the appearance of the ship and modernize the technical part.
Rasul Rysmambetov, financier and independent member of the Board of Directors of UAPF JSC: "If a person doesn't save for old age—if they are convinced that the state will somehow come up with something and provide 'free cucumbers and tomatoes'—that simply won't happen, unfortunately... We can only build up savings for ourselves."
UAPF JSC continues its series of expert discussions as part of the "Dialogues on the Pension System" project.
Who came up with the idea of pensions? What should be the core objectives of the UAPF? Is it right to allow contributors to withdraw their savings? Which of us is the "Ant," and which is the "Grasshopper" from the famous fable?
In today’s exclusive interview, Rasul Rysmambetov—a financier and Independent Director of the Board of Directors of UAPF JSC—draws on his personal experience to discuss the challenges facing future retirees in Kazakhstan and shares his views on their prospects..
Watch the interview on the БЖЗҚ ЕНПФ YouTube channel
https://youtu.be/Dy76WU-qFrs?si=CocIIq7U4J0rv1SZ
Subscribe to the БЖЗҚ ЕНПФYouTube channel for interesting and useful information about the funded pension system.
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 mandatory pension contributions, employer’s mandatory pension contributions, mandatory 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)
A comprehensive civil protection exercise was held in the Samar region of the East Kazakhstan region on the topic: "Actions of government bodies in the event of a threat and occurrence of natural and man-made emergencies."
The exercise was conducted in accordance with the Exercise and Training Plan in the East Kazakhstan region. The main purpose of the event was to check the readiness of government bodies, civil protection forces and emergency services to act promptly in case of an emergency.
Representatives of the akimat of Samar district, rural districts, the Department of Emergency Situations, police, medical service, veterinary, branch of "Kazakhtelecom" JSC, regional electric networks (RES), sanitary and epidemiological service (SES), as well as other organizations and services involved in the civil protection system took part in the exercise.
During the exercise, the participants worked out the order of interaction in case of a threat of an emergency. Special attention was paid to timely notification of the management staff and the public, the collection and deployment of a Commission for the prevention and elimination of emergency situations, assessment of the situation and the adoption of necessary management decisions.
At the practical stage, rescue units of the Emergency Department of the East Kazakhstan region, together with local services, worked out search and rescue operations. Algorithms for evacuating the population from a conditional disaster zone and providing first aid to victims were also demonstrated.
During the training, special attention was paid to the interaction between the services. In the event of a real emergency, the effectiveness of the response largely depends on how clearly and harmoniously all the structures involved work — from local executive authorities and rescuers to medical, municipal, energy, communications and veterinary services.
The participants of the exercise tested in practice the readiness of the forces and means of the area to act in an emergency situation, as well as the procedure for transmitting information and coordination between responsible units.
Conducting such trainings allows us to identify possible shortcomings in a timely manner, improve interaction algorithms and increase the level of preparedness of services to eliminate the consequences of natural and man-made emergencies.
"The main purpose of the comprehensive exercise is to check the readiness of government bodies and civil protection forces to act in case of emergencies, as well as to work out the interaction of all involved services. Today we have seen how well the akimat, rural districts, rescue units, police, medical and veterinary services, power engineers, communications specialists and other organizations are working. Such exercises make it possible to test response algorithms in practice, identify possible shortcomings and eliminate them in a timely manner. In general, the tasks were completed, the participants demonstrated their readiness to act in case of an emergency," said Yerik Yerkinbekuly, Senior Officer of the Civil Defense Department of the Emergency Situations Department of the East Kazakhstan region.
As a result of the comprehensive exercise, the tasks set were worked out, the actions of the participants were evaluated, and the practical experience gained will be used to further improve the civil protection system in the Samar region.
A meeting on law enforcement, law enforcement, prevention and combating crime within the framework of the principle of "Law and order" was held in the Samar region. The meeting was chaired by the prosecutor of the Samar district, Adilet Kuandykov, and the deputy akim of the Samar district, Sultan Amangeldinov.
The meeting was attended by akims of rural districts, representatives of the prosecutor's office and the police, education and healthcare, as well as relevant departments and departments.
According to the prosecutor's office of the Samar district, this year the majority of offenses were recorded on the coast, including at recreation centers. In this regard, it is recommended to strengthen the work of local executive bodies and law enforcement agencies.
Issues related to the prevention of delinquency among young people, working with families on preventive care, and ensuring the safety of children, including the removal of open hatches and dangerous abandoned buildings, were also discussed.
Special attention is paid to strengthening explanatory and preventive work with the population and youth, as well as the work of the environmental police in the field of subsoil use and protection of natural resources.
KEY ISSUES REGARDING UAPF
1. Who manages pension assets?
The investment of pension assets is managed by the National Bank of the Republic of Kazakhstan (NBRK) and, since 2021, by licensed investment portfolio managers (IPMs) that meet the requirements of the authorized body. The primary objective of this fiduciary management of pension savings is to invest in various financial instruments and generate income. Pension asset managers—both the NBRK and IPMs—maintain their own investment strategies and independently determine the structure of their investment portfolios within the framework of their investment declarations.
The current IPM registry includes six private companies to which Kazakhstanis can entrust the management of their pension savings: Alatau City Invest JSC, BCC Invest JSC, Centras Securities JSC, Halyk Finance JSC, Halyk Global Markets JSC, and Tansar Capital JSC. (Note: Halyk Global Markets JSC has notified the Unified Accumulative Pension Fund [UAPF] of the termination of its fiduciary management agreement effective 2027; consequently, as of January 1, 2026, the Fund is no longer accepting applications to transfer pension savings to this company.)
Information regarding IPMs and their investment declarations can be found on the website www.enpf.kz under the "Services" section—specifically the "Registry of Investment Portfolio Managers"—as well as on the online platform invest.enpf.kz.
2. Legislative amendments provide for the possibility of transferring up to 100% of pension savings—accumulated through compulsory pension contributions and compulsory occupational pension contributions—to an investment portfolio manager (IPM) for management. Who is eligible for this, and how does the mechanism work?
All UAPF contributors will have the option to transfer up to 100% of their accumulated savings to private investment portfolio managers (IPMs) for management. These provisions came into effect on September 7, 2026.
Information regarding IPMs and their investment declarations is available on the website www.enpf.kz under the "Services" – "Register of Investment Portfolio Managers" section, as well as via the online platform invest.enpf.kz.
In the near future, a single IPM will be able to offer contributors up to three types of investment portfolios (conservative, moderate, and aggressive), differing in terms of risk level, expected return, and investment horizon.
The procedure for structuring investment portfolios of pension assets will be determined by the authorized body responsible for the regulation, control, and supervision of the financial market and financial organizations.
3) Is it possible to distribute savings among several management companies?
Contributors may select one or more Investment Portfolio Managers (IPMs). To enhance public awareness, the UAPF has launched a unified online information platform: invest.enpf.kz. This modern digital resource enables contributors to compare data on pension asset portfolios managed by various entities—specifically the National Bank of the Republic of Kazakhstan (NBRK) and IPMs—all in one place. Contributors gain access to tools for independently evaluating investment portfolios and selecting a manager and investment strategy tailored to their specific goals and expectations. Furthermore, the invest.enpf.kz platform allows contributors not only to review IPM investment declarations and analyze financial performance but also to access information regarding any administrative measures, sanctions, or enforcement actions taken against an IPM by the regulator (the ARDFM).
4) How the transfer of savings from the UAPF to an asset management company takes place?
To transfer pension savings to trust management, an account holder must select an Investment Portfolio Manager (IPM) and then submit an application using the prescribed form. This can be done via the personal account area on the enpf.kz website or the invest.enpf.kz online platform using an electronic digital signature, or at any UAPF branch.
Within the personal account area, the account holder can, among other things:
•check the amount available for transfer to, or return from, an IPM or the National Bank of the Republic of Kazakhstan (NBRK);
•review the terms and conditions for submitting an application to select (or change) an IPM or to return pension savings currently under IPM management to NBRK management;
•submit an application to select (or change) an IPM or to return funds to the NBRK, and track the application's status;
•access other available pension services.
The status of an application to transfer pension savings to trust management can be tracked in the personal account area on the website or via the UAPF mobile app.
The processes for submitting applications for transfer to an IPM and their subsequent processing by the UAPF are fully automated. The UAPF transfers pension assets to IPM trust management within the timeframes established by regulatory legal acts. However, transferring pension savings from one IPM to another, or returning them to NBRK management, is permitted only after at least one year has elapsed since the initial transfer.
5. Where can contributors find complete information on pension asset management and track the performance of management companies?
The UAPF serves as the central record-keeping and information hub for all contributors and acts as the operator of their individual pension savings accounts, regardless of which entity manages the assets (the National Bank of the Republic of Kazakhstan and/or an Investment Portfolio Manager (IPM) selected by the contributor).
The UAPF provides accessible services related to pension asset management, offering 24/7 access to statements that fully reflect citizens' accumulated savings and earned investment income via the personal account section of the enpf.kz website or the UAPF mobile app.
Information regarding the investment activities of each manager is continuously updated on the enpf.kz website under the "Statistics and Analytics" section—specifically, "Investment Management of Pension Assets."
Additionally, a dedicated online platform (invest.enpf.kz) operates for UAPF contributors; this modern digital resource enables users to compare the asset management performance of all managers (the National Bank of the Republic of Kazakhstan and IPMs). Invest.enpf.kz provides access to return-on-investment data, allows for the comparison of asset managers and their portfolios over selected timeframes, and facilitates informed investment decision-making.
Between February 1, 2024, and September 1, 2026, a total of 365,553 citizens received targeted savings (TS) payouts under the National Fund for Children program, amounting to approximately US$76.11 million.
From the beginning of 2026 through September 1, 170,156 citizens received TS payouts totaling US$44.84 million. Of this number, 119,279 Kazakhstanis received over US$31.00 million for housing improvements, while 50,877 received US$13.83 million for education expenses.
The funds were transferred to authorized operators for subsequent crediting to the applicants' bank accounts. Recipients have the right to use either the full amount or a portion of it. Any unclaimed funds remain in the targeted savings account (TSA) for 10 years. After this period, the unused balance is transferred to the beneficiary's individual pension savings account, where it is recorded as voluntary pension contributions.
The most popular option for improving housing conditions was topping up housing construction savings accounts for further accumulation: payments totaling US$30.51 million were made to 117,712 recipients. Additionally, US$183.65 thousand was paid to 788 young Kazakhstanis for down payments on mortgage loans to purchase homes, while US$102.17 thousand was paid to 437 Kazakhstanis for the outright purchase of housing via civil-law transactions (final settlement).
Regarding the use of targeted savings for education, the largest share of funds was allocated to pay for educational services provided by institutions within the Republic of Kazakhstan—either in installments (per academic period or school year) or as a single lump-sum payment (covering the entire course of study); 47,584 citizens received a total of US$12.96 million under this category.
The following services were also in demand: topping up educational savings accounts under the relevant agreements—funds totaling US$587.56 thousand were transferred to 2,309 recipients; additionally, US$220.44 thousand was disbursed to 861 citizens to cover educational services provided by foreign educational institutions, either in installments (per academic period or academic year) or as a lump-sum payment (for the entire duration of study).
It should be noted that the accrual of targeted requirements ceases upon the death of a participant or the entry into legal force of a court decision declaring them deceased. To claim targeted entitlements /TS following the death of a participant or recipient, heirs may apply to the Unified Accumulative Pension Fund (UAPF) in accordance with the procedure established by the Government of the Republic of Kazakhstan.
As of September 1, 2026, payments totaling 74.46 thousand US dollars have been made to heirs, with 226 citizens receiving the funds.
Detailed information on TS payouts for housing improvement and/or education expenses, broken down by authorized operators and regions, is available on the enpf.kz website.
It is worth noting that, based on the results for 2025, a payment of $130.71 per child was credited to Kazakhstani children; for 2024, the amount was $129.38; and for 2023, it was $100.52.
Funds from the National Fund are credited annually to children under the age of 18 in the form of targeted allocations. Under the law, the amounts credited to young Kazakhstanis remain part of the National Fund’s assets and continue to be invested. Thanks to this ongoing investment, the value of each child's targeted requirements grows annually through the generated investment income.
As a result, the total accumulated value of all targeted requirements (including the investment income added each year) for a child participating in the program:
- - three years, amounted to 370 dollars 56 cents;
- two years, amounted to 263 dollars 93 cents;
- one year, amounted to 130 dollars 71 cents.
Parents and other legal representatives can verify a child's participation in the program using the child's IIN (Individual Identification Number) via the kids.enpf.kz website, the personal account section of the eGov.kz e-government portal, as well as the eGov Mobile app and the mobile apps of certain second-tier banks.
If information regarding the targeted allocations accrued to children for the 2025 reporting year is not displayed, it is necessary to update the documents within the mobile apps by following this path:
· in the eGov Mobile app: "Digital Documents" – "Family" – "Refresh document list" – "National Fund accruals";
· in mobile apps of second-tier banks, for example, Kaspi.kz: "Government Services" – "All documents" – "Refresh document list" – "National Fund accruals".
The absence of information regarding the accrual of targeted requirements for children who have reached or will reach the age of 18 this year in the legal representative's personal account is due to the fact that these entitlements have acquired "TS" status; consequently, access to information about them is granted directly to the TS recipient (the individual who has reached or will reach the age of 18 in 2026). These individuals must independently access information about their TS via their personal accounts on the UAPF or e-government websites so that, upon turning 18, they can contact an authorized operator to open a US dollar bank account and submit an online application for the TS payout to improve housing conditions and/or pay for education.
Currently, the authorized operators are:
• Otbasy Bank JSC (for housing and education),
• Halyk Bank of Kazakhstan JSC (for education),
• Bank CenterCredit JSC (for education).
Statistics regarding minors participating in the targeted entitlements program, adult TS recipients, and theuseof TS funds for housing and/or education are available on the enpf.kz website.
You can review the program terms and obtain instructions and answers to your questions on the kids.enpf.kz website. You can also view video commentary and instructions on the topic on the БЖЗҚЕНПФ YouTube channel:
video commentary by Zh.B. Kurmanov, the Chairman of the Executive Board of UAPF JSC:
Video commentary by M.T. Sharipov, Managing Director of UAPF JSC:
"Q&A" video commentary on the National Fund for Children program:
https://www.youtube.com/watch?v=mrV0y37Gjnk
Instructions for the National Fund for Children website:
Instructions on the implementation of the National Fund for Children program:
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)