I am 61. Recently I saw a publication on the Internet that offered services to assist in early withdrawal of pension savings without taking into account the minimum threshold. Can they be trusted??

    Akimat of Karaganda region

    Question

    I am 61. Recently I saw a publication on the Internet that offered services to assist in early withdrawal of pension savings without taking into account the minimum threshold. Can they be trusted??

    Answer

    Indeed, there are now more and more cases of scammers sending false information on social networks.

    Fraudsters write about the possibility of withdrawing pension savings without taking into account the threshold of minimum adequacy of pension savings (hereinafter referred to as TMA). This newsletter is fake - it does not correspond to reality.

    Receiving pension benefits before retirement age (at which TMA is not taken into account) is possible only in cases provided for by the Social Code of the Republic of Kazakhstan, namely:

    • when leaving for permanent residence outside the Republic of Kazakhstan;
    • in connection with disability of groups 1 and 2, established for an indefinite period;
    • within the framework of a pension annuity agreement concluded with an insurance company.

    It is also possible to use pension savings for housing and/or medical treatment only in the cases established by the Code:

    - if you have pension savings exceeding TMA;

    - in case of concluding a pension annuity agreement with an insurance company;

    - if you are a long-service pensioner;

    - if you are an old-age pensioner and your total pension is at least 40% of lost income. In this case, you will be able to use up to 50% of the savings available in the mandatory pension account.

    The UAPF strongly recommends ignoring the fake messages being spread and receiving information from official sources.

    We remind you that you can get advice on the funded pension system both at UAPF branches and remotely:

    through the website enpf.kz, mobile application БЖЗҚ/ЕНПФ,

    through multi-channel free communication by calling the call center number 1418, as well as via WhatsApp at +7 777 000 1418,

    on the official pages of the UAPF on social networks on such popular platforms as Odnoklassniki, Telegram, Facebook, VKontakte, Twitter and Instagram.

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