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UAPF accumulated more than 10.5 billion tenge of unclaimed savings

174 thousand people have not applied for pension payments from UAPF upon their retirement, the organization’s press service reports.
UAPF accumulated more than 10.5 billion tenge of unclaimed savings

The total amount of unclaimed pension savings is 10,604,764,131 tenge as of year beginning. “It should be noted that UAPF conducts a number of events for all recipients who have reached retirement age but have not applied for payments: SMS messages in Kazakh and Russian, e-mail notifications, as well as sending correspondence to recipients' mail addresses. Information on this topic is posted on an ongoing basis on the UAPF website and in social networks,” the organization’s press service said.

After reaching the retirement age the recipients must contact the State Corporation “Government for Citizens” (PSC) at the place of residence to get granted pension payments from UAPF. A retiree should have a copy of personal identity document and the original for verification, as well as details of the bank account, which the pension savings payments together with the budget pension will be transferred to.

“UAPF would like to remind that people who have reached the generally established retirement age (63 years old for men and 59.5 – for women by January 1, 2020), as well as people with first or second degree disability, if the disability is permanent, with pension savings in UAPF formed at the expense of compulsory pension contributions and compulsory professional pension contributions, are entitled to receive pension payments from UAPF according to the established schedule,” they noted in UAPF.

If the pension savings amount on the date of reference does not exceed 12 times the minimum pension established by the law on the state budget for the corresponding financial year (in 2020 the minimum pension is 38,636 tenge, 12 times the amount is 463,632 tenge), then it is paid to the recipient from UAPF in a lump sum.

Photos are from open sources.

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