As of April 1, 2024, the number of retirees is 2 million 364 thousand people.
As of April 1, 2024, the average pension is 132,595 tenge, including the size of the joint pension - 89,901 tenge, the primary pension - 42,694 tenge.
Let us remind that starting from July 1, 2018 the state basic pension payment is assigned to each recipient individually, taking into account their length of participation in the pension system.
The length of participation in the pension system includes the length of service developed in the PAYG pension system as of January 1, 1998, as well as the periods for which mandatory pension contributions (MPC) have been paid.
Thus, if the length of participation in the pension system is 10 years or less, or it is absent, the size of the basic pension is equal to 65% of the subsistence minimum, then its size increases by 2% for each year in excess of 10 years. For example, with 20 years of participation, the basic pension will be 85% of the subsistence minimum. With 30 or more years of experience, it is set at the maximum amount - 105% of the subsistence level.
If MPC is transferred to the Unified Accumulative Pension Fund several times in one month, the period of participation in the accumulative system is one month.
Thus, the more regularly and in full mandatory pension contributions are paid, the larger the size of the basic pension payment upon reaching retirement age.
In turn, the size of old-age pension payments depends on the length of service as of January 1, 1998 (at least 6 months are required) and the average monthly income received in the pre-retirement period.
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