Use of pension savings by retiree for length-of-service The Social Code will come into force from July 1 of this year, which provides for a number of innovations regarding the accumulative pension system.

Increasing of payments for burial As previously reported, the Social Code comes into effect from July 1, 2023, which provides for a number of innovations regarding the accumulative pension system.

What will change in the accumulative pension system with the entry into force of the Social Code? From July 1 this year, the Social Code will come into force, which provides for a number of innovations regarding the pension system.

Who is eligible for benefits from the UAPF in 2023? From January 1, 2023, the following persons are entitled to pension benefits from the UAPF at the expense of compulsory pension contributions and compulsory occupational pension contributions according to the established schedule:

Digitalization as an important direction in the provision of pension services On December 20, 2022, all UAPF branches hosted an open doors day on the topic "Digital UAPF".

How to return money from an insurance annuity to UAPF? According to the Law of the Republic of Kazakhstan On Amendments and Supplements to Certain Legislative Acts of the Republic of Kazakhstan on the Regulation and Development of the Insurance Market and the Securities Market, Banking Activities, a number of amendments are introduced to regulatory legal acts, including from September 12, 2022, Article 60 Law of the Republic of Kazakhstan On pension insurance in the Republic of Kazakhstan (hereinafter - the Law).

Accumulated return exceeds inflation The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of November 1, 2022 amounted to KZT14.1 trillion. Investment income accrued since the beginning of the year, 672.6 billion tenge, the return on pension assets over the past 12 months on pension assets, provided by the National Bank of the Republic of Kazakhstan (from November 2021 to October 2022), amounted to 5.97%.

The site enpf.kz presents a report on the management of pension assets Investment portfolios of pension assets managed by the NBRK and IPM as of November 1, 2022

Kazakhstanis are actively interested in the state of their pension savings 22.6 million statements on the status of individual pension saving accounts (IPSA) were issued by the Unified Accumulative Pension Fund to contributors and beneficiaries for 10 months of the current year (in the period from 01.01.2022 to 01.11.2022). Of these, 17.8 million (78.5%) were issued in electronic format. Issuance of statements is the most popular service of UAPF.

UAPF notified pensioners who did not apply for pension benefits The UAPF conducted a targeted notification of Kazakhstanis who have reached retirement age and have pension savings in the UAPF, but have not applied for pension benefits to the UAPF.