Akimat of Mangistau district
The state institution "Akim's Office of Mangistau district" carries out its activities in accordance with the Constitution and laws of the Republic Kazakhstan, by acts The President and the Government Republics Kazakhstan, other regulatory legal acts, as well as this Regulation.
Documents
Pension savings under your control: Expanding investment options for UAPF contributors
Pension savings under your control: Expanding investment options for UAPF contributors Amendments to the Social Code of the Republic of Kazakhstan will come into effect on September 7, 2026. These amendments significantly expand the rights of UAPF contributors to independently choose strategies and portfolios for managing their pension savings. Contributors will now be able to transfer up to 100% of their savings to investment portfolio managers (IPMs) for trust management. These changes are aimed at increasing long-term returns from savings management by selecting IPMs with the most suitable investment strategy and performance history. Contributors of compulsory pension contributions (CPCs) and voluntary pension contributions (VPCs), as well as individuals for whom compulsory occupational pension contributions (COPs) and VPCs have been transferred, will be able to independently determine the amount of their savings transferred to trust management, select one or more IPMs, and one or more investment portfolios in line with their financial goals. More options to choose from According to the law, each IPM will have the right to offer investors up to three types of investment portfolios (conservative, moderate, and high-risk), varying in risk level, investment structure, and investment term. Having three portfolio types allows for tailoring investments to the individual age and interests of the investor, while the right to distribute savings among different IPMs minimizes exposure to fluctuations in their returns. The requirements for the formation of IPM investment portfolios are determined by the Agency for Regulation and Development of the Financial Market (ARDFM). All information on one platform For the convenience of contributors, UAPF has introduced a unified online information platform, invest.enpf.kz, which consolidates key information on pension asset investment management. The platform provides convenient and structured access to performance information and allows for dynamic comparison of various data across portfolios managed by all trustees (the National Bank of the Republic of Kazakhstan and the IPM) over a specified period. Investors can evaluate investment portfolios and independently select a manager and their investment strategy based on their interests. How to transfer savings to trust management? To transfer their pension savings, a contributor must select a management company from the register of investment management companies (IPMs) authorized to manage pension assets (detailed information is available on the UAPF website in the "Services - Transfer to Trust Management - Register of Investment Portfolio Managers" section) and submit an application. This can be done: in your personal account on the enpf.kz website (using an electronic digital signature); at any UAPF branch (upon presentation of an identity document). Step-by-step instructions (for transferring a portion of pension savings to an IPM / from one IPM to another IPM / returning savings from an IPM to the NBRK) are available at the following link: https://www.enpf.kz/ru/services/Invest/22218/. You can track the status of your application in your personal account on the website or in the UAPF mobile app (under the "Applications" tab). The application process is fully automated, and the UAPF transfers savings to the IPM's trust management within 30 calendar days of the application's receipt. However, pension savings can be transferred from one IPM to another, or returned to the management of the National Bank of the Republic of Kazakhstan (NBRK), no earlier than one year from the date of transfer of pension savings to the trust management of the investment portfolio manager. Pension savings protection mechanisms when managing IPM Expanding pension savings management options also implies a higher degree of responsibility for the contributor. The choice of an IPM is their own decision; the contributor evaluates the proposed strategy and portfolio structure, risk level, and asset management results. Legislation provides for a comprehensive system of savings protection: IPM financial liability – a system of composite indices used as a benchmark for return has been in effect since January 1, 2026. If the portfolio's return falls below the benchmark, the management company is obligated to compensate the contributor for the difference from its own capital; Independent custodian bank – all assets are stored with a custodian bank (an independent large bank), which oversees the targeted placement of assets in accordance with legal requirements. At the same time, assets continue to be recorded in the contributor's individual pension savings account (IPSA) in the UAPF and are segregated from the IPM's own assets. In the event of IPM bankruptcy, the pension assets of contributors cannot be used by the IPM; Investment restrictions and diversification – the regulator determines the list of instruments in which IPMs are permitted to invest. This includes government securities of Kazakhstan and foreign countries, equity and debt securities of non-government entities of Kazakhstan and foreign organizations, as well as deposits in second-tier banks and non-resident banks with the appropriate credit rating. High-risk digital and crypto assets are not included in this list, so investing pension savings in them is not permitted. Investment limits are also established by law. Each IPM determines its management strategy independently in its investment declaration, taking into account regulatory requirements; Requirements for management companies – only financially stable IPMs that meet the regulator’s requirements for capital, experience in managing client assets, and the presence of a major shareholder or a non-resident shareholder with a rating of at least “BBB” are allowed to manage pension assets. The register of IPMs admitted to managing pension assets is published on the websites of the ARRFR and UAPF. Currently, six companies are admitted to management: Alatau City Invest JSC, BCC Invest JSC, Halyk Global Markets JSC [1], Halyk Finance JSC, Centras Securities JSC, and Tansar Capital JSC. If an IPM is excluded from the register, pension savings are returned to the management of the NBRK. [1] Halyk Global Markets JSC has sent a notice of termination of the trust management agreement effective 2027. Therefore, the UAPF will no longer accept new applications from contributors to transfer pension assets to its management effective January 1, 2026.
The number of Kazakhstanis regularly accumulating their pension savings is growing
The number of Kazakhstanis regularly accumulating their pension savings is growing Every year, citizens in Kazakhstan are becoming more aware of their pension security, as is common in other countries. More and more people view their pension savings as their own long-term financial capital, which determines their well-being in old age. This is evidenced by the dynamic growth of savings, the expansion of the population's coverage by the funded pension system (FPS), the increase in the number of citizens regularly making pension contributions, and the increased regularity of their transfers. Growth of pension savings and open pension accounts of citizens As of July 1, 2026, Kazakhstani pension savings in the UAPF reached 28.09 trillion tenge, an increase of 4.08 trillion tenge, or 17.0%, year-on-year. One indicator of the development of the NPS is the steady growth in the number of pension accounts. As of July 1, 2026, 18.78 million pension accounts were opened in the UAPF, an increase of 1.11 million, or 6.3%, compared to the previous year. Of these, 12.80 million are individual pension savings accounts of contributors (beneficiaries), including 11.36 million for compulsory pension contributions (CPC), 786,270 for compulsory occupational pension contributions (COPC), and 462,400 for voluntary pension contributions (VPC). In addition, the UAPF maintains 5.97 million notional pension accounts, which track information on employer’s compulsory pension contributions (ECPCs). All account and savings information is transparent and accessible to citizens 24/7 via a personal statement, which can be obtained from the UAPF website or mobile app, as well as at regional offices. How to correctly assess the population's activity in paying pension contributions? When assessing citizen activity, it is important to consider the following. The total number of open CPC accounts (11.36 million) includes accounts to which contributions are no longer being received for objective reasons. These accounts include the following categories of citizens: - pension recipients who have reached retirement age and are exempt from further pension contribution payments even if they continue to work and have an income; - persons with permanent first and second group disabilities; - military personnel transferred to full state pension coverage since 2016; - other categories of contributors (beneficiaries) to whose accounts, in accordance with Kazakhstani law, contributions should not be received; - contributors who have permanently resided outside the country but have not claimed their savings; - deceased contributors whose heirs have not yet formalized the inheritance of their pension savings. Moreover, all citizens experience objective circumstances throughout their lives during which they do not have income from which pension contributions must be paid. Such periods include the following: - studying at educational institutions, - military service, - caring for children and relatives, - periods of job search and change, - work abroad, - breaks related to the seasonal nature of work, - work that requires irregular income throughout the calendar year, - periods associated with long-term treatment and rehabilitation. Therefore, in international practice, the generally accepted and most objective indicators of population participation in the FPS are the number of citizens receiving income and the corresponding number of active individual pension savings accounts that received at least one contribution during the year. In the first half of 2026 alone, their number increased from 7.20 millionto7.34 million accounts (an increase of 150,300). At the same time, the volume of pension savings in these accounts also increased. In the first half of 2026, it increased from 20.95 trillion tenge to22.24 trillion tenge,or by almost1.29 trillion tenge (6.2%). The majority of active accounts belong to citizens who are permanently employed and regularly pay the CPC. Their number increased from 6.77 million to 6.93 million over six months, and savings on them increased from 20.10 trillion to 21.07 trillion tenge. Regularity and completeness of payment of pension contributions Important factors in building adequate pension savings (in addition to the duration of participation in the FPS) are the regularity and completeness of contribution payments. In Kazakhstan, the average regularity of CPC payments per year has been steadily increasing: - for employees, this figure increased from 8.95 in 2024 to 8.98 contributions in 2025; - for the self-employed, from 7.36 to 7.53. Moreover, 80% of employees and 64% of the self-employed paid pension contributions 6 to 12 times a year in 2025. The average contribution amount in 2025 was 43,661 tenge among employees (which correlates with the payment of contributions from income at the level of the average wage in the republic), 23,225 tenge among the self-employed (which indicates the payment of contributions from income above the minimum wage, but below the median wage). Long-term trends also indicate a gradual increase in FPS coverage and CPC payment compliance. While the number of active CPC accounts was 6.07 million in 2015, by 2025 their number exceeded 7.20 million. The share of citizens paying contributions 6 to 12 times a year increased from 71% in 2015 to 78% in 2025. Accordingly, the share of those paying contributions sporadically (1 to 5 times a year) decreased from 29% to 22%. Dependence of pension contributions on the level of income of contributors Positive changes are observed in the structure of active individual CPC accounts based on contributor income levels. Over the course of 2025 (as of January 1, 2026), the share of accounts receiving contributions from incomes below the minimum wage (MW) decreased from 12% to 9% (the number of such accounts decreased from 838,300 to 652,400, or by 22.2%). These include contributors employed part-time or with shift work. At the same time, the number of accounts receiving contributions from higher incomes increased. By 2025, the share of active accounts with incomes ranging from the median to the average monthly salary[1] increased from 44% (as of January 1, 2025) to 45% (as of January 1, 2026), and the number of such active accounts increased from 3.17 million to 3.28 million. This trend reflects both the growth of official employment and income, as well as citizens' desire to accumulate savings by paying contributions from their income transparently and in full. By the end of 2025, coverage among employees reached 91%, demonstrating their near-complete coverage and participation in building their pension savings. Coverage is lower among self-employed workers, necessitating the implementation of a range of measures to integrate them into the pension system, taking into account best international practices. This is especially important since the basic pension amount also depends on length of service, which is determined based on the monthly contribution of the CPC to the UAPF. Thus, in today's environment, pension savings are becoming not only a mechanism for ensuring income after retirement, but also an important element of society's financial culture and the financial independence of its citizens. Citizens are increasingly monitoring their account balances, using UAPF electronic services, inquiring about investment income, and exploring pension asset management options. Citizen participation in building their own savings, regular contribution payments, and interest in savings management indicate the gradual emergence of long-term financial planning practices in Kazakhstan, where responsibility for future well-being is becoming a shared responsibility between the state, employers, and citizens themselves. [1] According to the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan for the third quarter of 2025, the average monthly salary was 429,368 tenge, the median salary was 302,584 tenge
National Fund for Children: $62.7 million allocated to improve housing conditions and pay for education
National Fund for Children: $62.7 million allocated to improve housing conditions and pay for education From February 1, 2024, to July 1, 2026, 333,809 applications for a total of approximately $62.71 million were processed. Funds were transferred to authorized operators for subsequent deposit into applicants' bank accounts. Among the processed applications, housing improvements were the most numerous: 216,060 applications for over $41.01 million. Education funding received 117,749 applications for $21.69 million. As a reminder, recipients of targeted savings (TS) have the right to use the entire 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 recipient's individual pension savings account to account for voluntary pension contributions. The most popular housing improvement program was replenishing housing construction savings for further accumulation (211,474 applications completed, totaling approximately $40.25 million). Funds were also used as down payments for mortgage loans to purchase housing (1,583 applications, totaling $269,480), and for the purpose of acquiring housing through civil law transactions (final settlements), totaling 1,081 applications, totaling $177,790. Within the scope of the CTD program for education, the largest amount of funds was allocated to pay for educational services at educational institutions located in the Republic of Kazakhstan, either in installments (for each academic period or academic year) or in full (for the entire term of study) (108,782 applications, totaling approximately $20.36 million, were completed). The following areas were also in demand: replenishment of an educational savings deposit under an agreement on an educational savings deposit (6,153 applications were completed for a total of approximately 894.12 thousand US dollars), payment for educational services of foreign educational organizations in installments (for each academic period or academic year) or in full at one time (for the entire period of study) (2,175 applications were completed for a total of 335.33 thousand US dollars). Detailed information on social security payments for the purpose of improving housing conditions and/or paying for education, broken down by authorized operators and regions, is available on the enpf.kz website. Let us recall that based on the results of 2025, Kazakhstani children received the next payment in the amount of 130.71 US dollars per child, for 2024 - 129.38 US dollars, and for 2023 - 100.52 US dollars. Children under 18 receive annual payments from the National Fund as targeted benefits. According to law, the amounts accrued to young Kazakhstanis remain part of the National Fund's assets and continue to be invested. Through continued investment, each child's targeted benefit amount increases annually through the investment income received. As a result, thetotal accumulated target requirement (including the annually accrued investment income) for a child participating in the program: - three years, $370.56; - two years, $263.93; - one year, $130.71. Parents and other legal representatives can check the child's under 18 participation in the program using their child's IIN on the website kids.enpf.kz, in their personal account on the eGov.kz e-government portal, and in the eGov Mobile and select second-tier bank mobile apps. If information about target benefits accrued to children for the 2025 reporting year is not displayed, you must update your documents in your mobile apps by following this path: in the eGov Mobile app: "Digital Documents" - "Family" - "Update Document List" - "Accruals from the National Fund"; in second-tier bank mobile apps, such as Kaspi.kz: "Gosuslugi" - "All Documents" - "Update Document List" - "Accruals from the National Fund." The absence of information about the accrual of target benefits 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 target benefits have acquired the status of TS, and therefore access to information about them is provided directly to the TS recipient (a citizen who has reached or will reach the age of 18 in 2026). These individuals must independently obtain information about their TS through their personal account on the UAPF or e-government websites. Upon reaching the age of 18, they can contact an authorized operator to open a US dollar bank account and submit an online application for TS payment to improve their housing conditions and/or pay for education. Currently, the following are authorized operators: Otbasy Bank JSC (for housing and education), Halyk Bank JSC (for education), Bank CenterCredit JSC (for education). Statistics on minor children eligible for targeted assistance and adult recipients of the TS, as well as on the use of the TS for housing and/or education, can be found on the enpf.kz website. You can learn more about the program, get instructions, and get answers to your questions on the website kids.enpf.kz. You can also watch video comments and instructions on the БЖЗҚЕНПФ YouTube channel: Video commentary by the Chairman the Executive Board of UAPF JSC, Zh.B. Kurmanov: https://www.youtube.com/watch?app=desktop&v=30CdPWl6dv0 Video commentary by the Managing Director of UAPF JSC, M.T. Sharipov: https://www.youtube.com/watch?v=APg2vATmMk0 Video commentary "Question and Answer" on the "National Fund for Children" program: https://www.youtube.com/watch?v=4cKr1VCAvUk https://www.youtube.com/watch?v=mrV0y37Gjnk Instructions for the "National Fund for Children" website: https://www.youtube.com/watch?v=VgP3dmMwAHc https://www.youtube.com/watch?v=jyC2c-HgqpQ Instructions for the implementation of the National Fund for Children program: https://www.youtube.com/watch?v=bqeT41rWecA https://www.youtube.com/watch?v=pNBSS1VHdWU
Pension savings continue to grow: Over the past 12 months, the increase amounted to 4.33 trillion tenge.
ANNOUNCEMENT Pension savings continue to grow: Over the past 12 months, the increase amounted to 4.33 trillion tenge. As of June 1, 2026, the pension savings of Kazakhstanis exceeded 27.67 trillion tenge, an increase of 4.33 trillion tenge (or 18.6%) over the past 12 months. The bulk of pension savings are funds formed through compulsory pension contributions (CPCs), which reached 25.81 trillion tenge. Over the 12 months, they increased by 3.93 trillion tenge (or 18.0%). Pension savings formed through compulsory occupational pension contributions (COPCs) amounted to 754.69 billion tenge, an increase of 13.3% over the 12 months. The volume of voluntary pension contributions (VPC) also increased: as of June 1, 2026, it reached 10.13 billion tenge, representing a 19.8% increase over the 12 months. Pension savings generated through employer’s compulsory pension contributions (ECPCs), which have been deposited into contributors' (beneficiaries') pension accounts since January 1, 2024, continue to grow. As of June 1, 2026, their volume exceeded 1,097.48 billion tenge, 2.6 times higher than the previous year. Incomes The total savings volume is provided by pension contributions and investment income. In the first five months of 2026, 1,487.96 billion tenge in contributions were received into individual and notional pension savings accounts, an increase of 14.4% (or 186.95 billion tenge) compared to the same period last year. As of June 1, 2026, 1,143.82 billion tenge were received into individual pension savings accounts (IPSA) for the purpose of recording the compulsory pension contributions (CPC) (a 6.9% increase compared to the same period last year), 63.14 billion tenge were received into the compulsory occupational pension contributions (COPC) (a 10.3% increase), and 815.51 million tenge were received as VPC). ECPC for the year totaled 280.19 billion tenge. Net investment income received in contributors' accounts since the beginning of the year, as of 01.06.2026, amounted to 834.86 billion tenge. Benefits and Transfers Benefits for all types of contributions and transfers to insurance companies from the UAPF for January-May 2026 reached 693.53 billion tenge. The volume of old-age benefits amounted to 115.37 billion tenge. The average monthly scheduled payment from the UAPF upon reaching retirement age was 38,890 tenge. Lump-sum pension benefit payments (LSPBP) for housing improvements and medical treatment since the beginning of 2026 amounted to 307.75 billion tenge, inheritance payments amounted to 47.55 billion tenge, payments related to permanent residence outside the Republic of Kazakhstan amounted to 17.54 billion tenge, payments to persons with disabilities amounted to 1.48 billion tenge, and funeral payments amounted to 3.93 billion tenge. A total of 199.91 billion tenge was transferred to insurance companies. IPSA Number The total number of pension accounts in the UAPF as of June 1, 2026, was 18.68 million (an increase of 1.09 million or 6.2% over the 12 months). The number of individual pension account contributors (beneficiaries) in the UAPF as of June 1, 2026, was 12.78 million, of which 11.34 million were of CPC, 781,880 - COPC and 460,210 - VPC. It should be noted that the total number of accounts for recording the compulsory pension contributions (11.34 million) also includes accounts of beneficiaries who have permanently resided outside the country but have not applied for their savings, deceased contributors whose heirs have not formalized the inheritance of their pension savings, military personnel who transferred to full state pension provision in 2016, and other categories of contributors (beneficiaries) whose accounts should not receive contributions under Kazakhstani law. The number of notional pension accounts in the UAPF recording information on received ECPC totaled 5.90 million. All up-to-date statistical data on pension assets is available on the enpf.kz website in the "Statistics and Analytics" section.
UAPF has provided over 24.5 million services to contributors since the beginning of the year
ANNOUNCEMENT UAPF has provided over 24.5 million services to contributors since the beginning of the year The Unified Accumulative Pension Fund (UAPF) plays a key role in the country's pension system, providing citizens with reliable tools for saving for retirement. UAPF provides a variety of digital services to Kazakhstanis and continues to develop them, adapting to customer needs. The 24/7 availability of the Fund's services on its website and mobile app is a key factor in increasing contributor interest. Over the five months from January 1, 2026, to May 31, 2026, 24.7 million services were provided to the public. Of these, 14.3 million were provided electronically, and 9.9 million were automated. Thus, the share of automated, electronic, and remote services amounted to 98.7% of the total. 322,100 services were provided in person, including more than 313,400 directly at the Fund's offices. As a reminder, all pension accounts are opened automatically in the UAPF upon receipt of the first contribution. Targeted requirements are also automatically accrued to citizens of the Republic of Kazakhstan under 18 years of age, and targeted savings accounts (TSA) are opened to record and pay out targeted savings to adult recipients of targeted savings under the National Fund for Children program. During the reporting period, the total number of automatically opened individual pension savings accounts (IPSAs) for all types of compulsory pension contributions (CPCs), notional pension accounts (NPSAs) for recording compulsory occupational pension contributions (COPCs) paid by employers from their own funds, and targeted savings accounts (TSAs, opened to record and pay targeted savings to recipients of targeted savings under the National Fund for Children program) amounted to 891,700. Getting statements from IPSAs, NPSAs, and TSAs remains the most popular service. Since the beginning of the year, more than 15.0 million statements have been issued for all account types, 13.3 million of which were electronic and 1.5 million statements were issued automatically. The UAPF reminds that accessing account status information through your personal account is the most convenient, reliable, and timely way to monitor your pension savings. The service operates online 24/7, allowing you to receive up-to-date information at any time and from anywhere. Account status information is available not only through the UAPF mobile app and your personal account on the UAPF website, but also through the egov.kz portal or the e-government mobile app. This provides additional convenience for users who prefer to interact with government services through a single platform. UAPF notes that, starting in 2025, the annual automatic mailing of statements will no longer be provided. However, receiving information on pension savings by mail is still possible upon submitting a request to the UAPF address. In addition to receiving statements in their personal account on the website and in the mobile app, contributors (beneficiaries) can use services such as making changes and additions to their account details, obtaining a certificate of account availability, submitting an application for pension benefits due to the establishment of a Group 1 or 2 disability for life or upon reaching the age of 50 through voluntary pension contributions, tracking the status of a benefit application, transferring a portion of their pension savings to an investment portfolio manager (IPM), calculating a projected future pension using a pension calculator, etc. Over the past period, 38.7 thousand contributor applications for transferring a portion of their pension savings to IPM trust management were accepted, the majority of which were in electronic format. During the reporting period, 46.7 thousand applications for changing account details were accepted, of which approximately 44.0 thousand were submitted at the Fund's offices. When seeking a service from UAPF specialists, contributors typically receive additional consultations and advice on savings management. As part of outreach efforts, 25,100 roadside presentations were held, attended by 505,100 people. The number of materials published in the media based on UAPF announcements amounted to 17,000. The number of inquiries received from contributors and beneficiaries through feedback channels (call center, website consultations, instant messaging, social media, and other communication channels) amounted to 192,500. As a reminder, any company can request an on-site presentation and consultation on the funded pension system by simply calling the call center at 1418 or through the Fund's website or mobile app. UAPF consulting services can be obtained through instant messengers (chat bot in WhatsApp and Viber at +7 777 000 14 18), call center at 1418 (free call within Kazakhstan), on the corporate website enpf.kz, as well as on the official UAPF pages on social networks Instagram, Facebook, VKontakte, Telegram, Odnoklassniki.
Current questions about the UAPF
Current questions about theUAPF "Minimum adequacy thresholds – are their calculations transparent and is it still possible to use them?" Does the age of the contributor affect the threshold amounts and how is MAT determined according to the adopted Methodology? Minimum adequacy thresholds (MAT) depend on the age of the contributor. The older the contributor and the closer they are to retirement age, the higher the requirements for the future pension benefit, ensuring that after retirement, citizens can receive an income level close to international standards. The MAT is determined using the classic formula for calculating the present value of a future pension benefit. In other words, the new formula determines the minimum amount of savings, i.e., the MAT amount that must already be in the contributor's individual pension account (IPA) to ensure the recipient receives the target pension. The use of the present value of benefits formula is based on international practice for calculating the savings required for lifetime benefits. How has the calculation methodology for Minimum Adequacy Thresholds changed? Changes to the Minimum Adequacy Thresholds (MAT) Calculation Methodology are aimed at increasing the minimum pension savings requirements to ensure the adequacy of future funded pensions and are designed for higher pension benefit levels. Now, MAT amounts are determined for each contributor's age using a standard present value formula based on target future pension benefits. Essentially, the new methodology answers the question: what is the minimum amount that must remain in a pension account today to ensure an adequate level of retirement income in the future? The formula takes into account long-term demographic (national demographic tables) and financial (interest rates and indexation of payments) factors to achieve stability and predictability in future payment amounts for citizens, as well as socioeconomic indicators such as the minimum old-age pension and the minimum wage, determined annually by the law on the national budget. Meanwhile, the MAT calculation no longer takes into account future pension contributions from the time of withdrawal until reaching retirement age. After all, contributions may be incomplete or absent during certain periods due to various life circumstances. This approach reduces the risk that a citizen will receive a low funded pension in the future after using part of their savings. Why has the Methodology for Calculating Minimum Adequacy Thresholds changed? Since 2021, UAPF contributors have been granted the right to withdraw a portion of their pension savings early before reaching retirement age for strictly defined alternative purposes, such as improving housing conditions and paying for medical treatment. State authorities developed, and the Government of the Republic of Kazakhstan subsequently approved, a Methodology for Determining the Minimum Adequacy Threshold for Pension Savings.[1]. However, frequent withdrawals of pension savings above the minimum adequacy threshold (MAT) from individual pension savings accounts by contributors reduce the amount of their future pension benefits from the UAPF. Therefore, a decision was made to change the minimum adequacy thresholds. This is due to the need to gradually achieve the adequacy of pension payments in accordance with the recommendations of international organizations. Therefore, the requirements for the amount of pension savings necessary to provide for a future funded pension and to increase the replacement rate of a contributor's labor income through pension benefits at retirement age have been increased. The implementation of the new model is aimed at increasing the sustainability of the pension system and ensuring an adequate level of pension provision for citizens. Is it still possible to use pension savings for alternative purposes? The ability to use a portion of pension savings for alternative purposes, as provided by law, remains available to contributors whose savings exceed the minimum sufficiency threshold. Pensioners whose pensions constitute at least 40% of their lost income, citizens with a pension annuity agreement, and pensioners with years of service—that is, those categories of beneficiaries who have already secured a certain level of pension benefits—can also continue to access their savings. However, approaches to using pension savings are being refined to address the need to ensure citizens have adequate and stable pension payments in the future. How fair is it to calculate MAT based on future pensions if many citizens do not live to retirement age? The average life expectancy of Kazakhstanis has approached 76 years (in 2025), a record high since the country's independence. An analysis of demographic data from 1991 to the present demonstrates changes in the nation's quality of life and health. For example, in 1991, the average life expectancy was 67.6 years (in 2001 it was 65.6, in 2011 it was 68.98, and in 2021 it was 70.23). Thus, over three and a half decades, the average life expectancy of Kazakhstani citizens has increased by more than 8 years. Increased life expectancy means that Kazakhstanis will enjoy a longer retirement period than previously. Under these circumstances, it is especially important to accumulate sufficient pension savings to maintain a familiar standard of living after retirement. Increasing the thresholds for minimum adequacy of pension savings is aimed at ensuring a more adequate level of future pension and financial stability for a person over a longer period of life after retirement. [1] Government Resolution "On Approval of the Rules for the Implementation of Pension Payments, Lump-sum Pension Benefit Payments for the Purpose of Improving Housing Conditions and (or) Paying for Medical Treatment, Formed from Compulsory Pension Contributions, Compulsory Occupational Pension Contributions from the Unified Accumulative Pension Fund, Their Return to the Unified Accumulative Pension Fund, Methodology for Calculating the Amount of Pension Benefits, Methodology for Determining the Replacement Ratio of the Beneficiary's Average Monthly Income with Pension Benefits, Methodology for Determining the Minimum Adequacy Threshold of Pension Savings"