The annual global pension rating, a comprehensive study of pension systems, includes 47 countries of the world, where 64% of the world's population lives.
The Mercer Global Pension Index analyzes dozens of indicators of the pension systems of advanced countries combined into three sub-indices: “adequacy”, “sustainability” and “integrity”, including 50 different criteria. The MCGPI rating has been published since 2009; Kazakhstan, included in the rating in 2023, has scored 64.9 points and received a “C+” rating surpassing countries with the same rating in terms of the number of points, such as: Hong Kong, USA, UAE, Colombia, France, Spain, and Croatia. According to the report, the pension systems of these countries have both strengths/qualities and some weaknesses that are recommended to be eliminated to achieve long-term sustainability and efficiency.
According to results, the final assessment of the pension system of Kazakhstan in the MCGPI Index is 64.9 points.
Kazakhstan is ahead of, for example, Malaysia, South Africa and Turkey. It should be noted that Kazakhstan has a strong position in terms of the availability of tax incentives for voluntary pension contributions and investment return, preservation of the rights of contributors to pension savings in the event of dismissal, preservation of their current value taking into account inflation and through the investment of pension assets, etc. However, it has a rather vulnerable position that needs to be strengthened according to such criteria as the size of the minimum basic pension, indexation and regularity of indexation of the basic pension, the level of savings of population (including pensions), indebtedness of population, the possibility of investing pension savings in growing assets, etc.
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