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Press release to the draft resolution of the Government of the RK "On approval of the Rules for determining the amount and implementation of pension payments at the expense of compulsory pension contributions of the employer from the unified accumulative

Draft resolution of the Government of the Republic of Kazakhstan "On approval of the Rules for determining the amount and implementation of pension payments at the expense of compulsory pension contributions of the employer from the Unified accumulative pension fund" (hereinafter – the draft resolution) was developed in the implementation of article 31-1 of the Law of the Republic of Kazakhstan dated June 21, 2013 № 105-V "On pension insurance in the Republic of Kazakhstan" and paragraph 2.1.5 of the Order of the Prime Minister of RK №  67-P dated August 12, 2015 On measures to implement the Law of the Republic of Kazakhstan dated August 2, 2015 "On amendments and additions to some legislative acts of the Republic of Kazakhstan on issues of pension insurance".

Since January 1, 2020, compulsory pension contributions of the employer in the amount of 5% of the employee's income at the expense of the employer are introduced.  

Introduction of the payment of these pension contributions is aimed at strengthening the role of employers in the pension insurance of citizens and increasing the amount of pension payments from the Unified accumulative pension fund.   

Draft resolution provides for the procedure for calculating the amount and making pension payments at the expense of the employer's compulsory pension contributions from the Unified accumulative pension fund.

Changed on 23 May, 2019 - 12:46
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