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Wednesday, September 18th, 2019

Government of Kazakhstan adopted a bill on social security of the population

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The draft Law of the Republic of Kazakhstan “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Social Security Issues” was developed within the framework of the President’s Message and instructions of the Head of State at the expanded meeting of the Government of the Republic of Kazakhstan in February this year, said Minister of Labor and Social Protection Tamara Duissenova.

This document assumes a phased increase in the amount of pensions paid from the republican budget. The size of solidarity pensions will be increased by 11%, taking into account a 9% increase at the beginning of the year. The size of the basic pension will be increased by 13%, taking into account also a 7% increase at the beginning of the year. As a result, the amount of pensions will be increased to 20% from July 1, 2017, compared with the size of pensions in 2016. The increase encompasses the country’s population, which accounts for the retirement age of pensioners or more than 2 million people.

Taking into account the above changes, the minimum pension (taking into account the basic pension) will increase from 37,789 tenge in 2016 to 45,711 tenge from July 1, 2017. The average pension (taking into account the basic pension) will increase from 55,154 tenge to 66,721 tenge.

The size of a one-time state allowance increased by 7% in connection with childbirth from January 1, 2017 and will be increased by another 20% from July 1, 2017. As a result, the growth will be 27% in 2017, compared to 2016.

The amount of state benefits for the birth of the first, second and third child was 66,621 tenge in 2016, it amounted to 71,270 tenge from January 1, 2017, and it will increase to 86,222 tenge from July 1. The amount of the state subsidy for the birth of a fourth or more child was 111,035 tenge in the current year and it increased to 118,000 tenge from January 1, 2017, the size will be equal to 142,947 tenge from July 1, 2017.

“In general, 81.6 billion tenge was additionally pledged from the republican budget for the above increases in pensions and a lump sum for the birth of a child for 2017,” T. Duissenova said.

The draft law provides for postponing the implementation of mandatory pension contributions by the employer from 2018 to 2020.

In general, the draft Law “On Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on Social Security” provides 8 laws of the Republic of Kazakhstan for the amendment.

Source: The Prime Minister of Kazakhstan

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