The ENPF urges Kazakhs to avoid trusting intermediaries with their pension savings. (21.12.2024)

The Unified National Pension Fund (ENPF) warns its contributors and beneficiaries: the withdrawal of pension savings is only possible under strictly defined circumstances as per the Social Code of the Republic of Kazakhstan. Primarily, this includes reaching retirement age, having a permanent disability of the 1st or 2nd group, moving abroad for permanent residence, and inheritance. Pension savings can be used for improving housing conditions and/or medical treatment, provided that the legally established conditions are met by:

• contributors with savings exceeding the minimum sufficiency threshold (above the amount of the minimum pension);
• pensioners whose pension is at least 40% of their lost income (previous salary) – they may use up to 50% of the remaining savings in their account;
• pensioners based on years of service (up to 100% of savings);
• contributors who have entered into a pension annuity agreement (up to 100% of savings).

The targeted use of pension savings for housing or medical treatment is only possible through authorized operators – second-tier banks. Therefore, intermediary services are not required. Moreover, the ENPF does not charge any commissions.

"By agreeing to participate in dubious schemes, you not only risk losing your money but also jeopardize the security of your personal data, which may later be used for other fraudulent activities," the statement reads.

The ENPF strongly advises its contributors and beneficiaries to ignore such offers, seek information from official sources, and operate strictly within the legal framework.