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In recent years, the Institute of Retirement Annuities has developed significantly in Kazakhstan

In addition, the system of compulsory professional pension contributions of citizens, operating in harmful working conditions, introduced in 2014, is developing. According to the Ministry of Labor, under this scheme, more than 8,000 employers make mandatory professional pension contributions of 5% in favor of more than 430 thousand employees. Thus, the total amount of savings as of January 1 was 142 billion tenge.
In recent years, the Institute of Retirement Annuities has developed significantly in Kazakhstan

Herewith, workers who have reached the age of 55 for men or 50.5 years for women, who have accumulated a sufficient amount to purchase a retirement annuity, have the right to early retirement. In addition, to ensure the adequacy of pension savings for the purchase of a retirement annuity, it is possible to transfer additional voluntary pension contributions by the employer in favor of the employee.

"Further work on this issue will be aimed at developing mechanisms for ensuring the availability of retirement annuities for these categories," - said the vice-minister of labor and social protection Svetlana Zhakupova.

According to official statistics in our republic there are 2 million 140 thousand 117 pensioners. Today, the minimum pension in Kazakhstan is 49 thousand tenge, while the average pension has grown to 71.3 thousand tenge.

Source: http://abctv.kz/ru/news/kolichestvo-pensionerov-v-kazahstane-perevalilo-za-2-mln-chelovek

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