In 2017, the size of pensions was increased to 20% for more than 2 million recipients. The total amount of funds allocated for payment of pensions amounted to 1.6 trillion. tenge.
From 1 January 2018 the cumulative pension increased by 8%, the basic pension increased by 6%. In the end, the average pension amounted to about 72 thousand tenge.
From 1 July 2018 it is planned to change the methodology for appointment of the basic pension, taking into account seniority before January 1, 1998, and the period of participation in the pension system after January 1, 1998. This change will ensure the growth of the basic pension on the average in 1,8 times. Beginning July 1, 2018 the average size of pension taking into account the basic amount of about 82 thousand tenge.
The total amount of funds allocated for provision of pensions of citizens in the current year is more than 1.9 trillion. tenge.