What rights do depositors have?

1. I have been working in a pharmaceutical company in the shop for the production of ready-made medicines for only a few weeks. Does my employer have to pay mandatory occupational pension contributions for me? If so, will he do it at his own expense or out of my salary?

The right to pension savings at the expense of compulsory professional pension contributions (oppv) are those citizens who work in professions, a list approved by the Decree of the Government of the Republic of Kazakhstan "On approval of the List of productions, works, professions of employees in whose favor depositors mandatory occupational pension contributions at the expense of own funds are subject to mandatory professional pension contributions" on December 31, 2013, № 1562.

The list of professions can be viewed at the link http://adilet.zan.kz/rus/docs/P1300001562  

According to this list, Your employer is obliged to transfer the PPI for You, provided that you are at least 80% of the working time engaged in the technological process of these industries:

- apparatchik of all names;

- rollerman;

- spreadingit.

The employer is a contributor to the OPV. It is he who makes mandatory professional pension contributions to the employee at the expense of his own funds.

Mandatory professional pension contributions are set at the rate of 5 percent of the employee's monthly income, which is accepted for calculating pension contributions in accordance with the Procedure determined by the government of the Republic of Kazakhstan.

 

2. I work under an employment contract in two organizations as a security guard. Are both companies required to transfer mandatory pension contributions to my NPF account?

In accordance with article 24 Of the law of the Republic of Kazakhstan "On pension provision in the Republic of Kazakhstan" (Law) , mandatory pension contributions (OPV) to the UAPF are payable by employers who are agents at the rates determined by law. Accordingly, two organizations that have concluded employment contracts with an individual are required to transfer OPV to the NPF in favor of the employee.

 

3. Are pension savings Inherited in the event of the depositor's death?

Money accumulated in individual pension accounts is the property of the depositor (recipient) and is kept in the Fund indefinitely, even in the event of his death.

In accordance with articles 31, 32, 33 of the Law of the Republic of Kazakhstan "On pension provision in the Republic of Kazakhstan" in case of death of persons with pension savings at the expense of compulsory, mandatory occupational and voluntary pension contributions, they are inherited in the order established by the legislation of the Republic of Kazakhstan.

Inheritance of pension savings is carried out by will or by law. When there is no will or determines the fate of not all the inheritance, as well as in other cases established by civil law, there is inheritance by law.

According to The civil code of the Republic of Kazakhstan, in order to acquire an inheritance, the heir must accept it by submitting an application for acceptance of the inheritance or an application for issuing a certificate of inheritance to a notary or an official authorized by law to issue a certificate of inheritance. The inheritance can be accepted within six months from the date of opening the inheritance, i.e. within six months from the date of the testator's death

 

4. After my father's death, I, as the daughter and sole heiress, claim his pension savings. Do I need to make a request to the UAPF about the amount available in its account, or can I immediately contact a notary?

JSC "SPSF" in accordance with the Law of RK "On pension ensuring in the Republic of Kazakhstan" in case of death of depositor (recipient), gives information about the presence of individual retirement accounts and funds notaries and foreign consular institutions in their production of probate.

To optimize the interaction between the SAPF and notaries according to the issues between the Ministry of justice of Kazakhstan, Republican notary chamber, "NIT" and SPSF signed a cooperation Agreement United notary information system "E-notary" and the information system of the SAPF.

Under this agreement, using the unified notary information system "E-notary", notaries can send requests to the UAPF about the presence of deceased depositors (recipients) of an individual pension account in the UAPF, about the balance and movement of money on it online, without sending written requests.            

In turn, the UAPF, when depositors (recipients) provide notarized or attested documents, can now also make a request to the unified notary information system and receive official confirmation of notarial actions performed on documents submitted by depositors (recipients) to the UAPF.

This service will significantly save you time and eliminate unnecessary paperwork.

 

5. I know that it is the duty of every citizen of the Republic of Kazakhstan to Pay pension contributions in the amount of 10% of income. What rights do depositors have?

You, as an OPV contributor, have the right to enter into pension insurance contracts at the expense of voluntary pension contributions.

Also, the Fund's depositors have the right to make pension payments according to the established schedule, in connection with the indefinite disability of groups 1 and 2, in connection with departure for permanent residence outside the Republic of Kazakhstan, in connection with the death of the recipient (for burial, inheritance), at the expense of voluntary pension contributions.

In addition, You have the right to transfer your pension savings from the NPF to the insurance company under the pension annuity agreement, as well as to receive information about the status of your pension savings on any date of interest to you.

The right is also to change Your details (personal and contact information), as well as to receive advice on all issues related to the funded pension system and investment management of pension assets.