The pension rate of more than 2 million pensioners increased to 20% in 2017. The total amount of money which allocated for their pension payments constituted of 1,6 trillion tenge. This information was published on the official website of the Ministry of Labor and Social Protection of the Republic of Kazakhstan.
According to the distributed information, the solidary pensions were raised to 8% and the base pensions to 6% on January 1, 2018.
"From July 1, 2018, It is planned to change the method for assigning a basic pension, taking into account the length of service before January 1, 1998, and the length of participation in the accumulative pension system after January 1, 1998. In this respect, starting from July 1, 2018, the average pension will be approximately 82 thousand tenge, taking into account the basic pension", - says in the press release.
In addition, more than 1,9 trillion tenge are provided for pension provision in this year.
Translated by Nazerke Syundyukova