Legislative amendments providefor thepossibilityoftransferring upto100%ofpension savings formed from mandatory pension contributions and mandatory professional pension contributionstothe managementof aninvestment portfoliomanager(IPM). How will this mechanism work?
Article 40of theSocial Code grants depositorstheright to independentlymakedecisions on transferring their pension savingstothe managementof the PensionFund and/or keeping them underthemanagementof theNational Bank. Legislative changes providingfor theexpansionofdepositors'investment opportunitieswillalso come into force in September 2026. While depositors can now transfer upto50%of theirmandatory and mandatory professional savings and upto100%of theirvoluntarysavings tothe managementof the IPU, starting inthe fall theywill beabletotransfer both voluntary pension savings and savings generated by mandatory pension contributions (OPP) and mandatory professional pension contributions (OPP)to the management of the IPUin fullthevolume.Thedepositorhas therighttoindependently choose one or more IPAs, as wellasvarious investment portfolios, that is,investment strategies for managing pension assets offeredbyIPAs, which vary in risk level, expected return and investment period.Inorder to transfer moneytothe trust managementof theUIP,thedepositor needstosubmitanapplication inaspecific form.You cando this inyourpersonal account onthewebsite.enpf.kz,anonline platform invest.enpf.kz , usinganelectronic digital signature, or at any branchof theUAPF.
