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How many times can I withdraw the amount of my pension savings above the sufficiency threshold?

The Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan provides that a lump-sum pension benefit is the amount of pension savings formed at the expense of the CPC and COPC, withdrawn by the contributor (beneficiary) from the UAPF in order to improve housing conditions and (or) pay for medical treatment, in in the manner prescribed by law.

The Law also states that pension savings are the money of a contributor (rbeneficiary) recorded on their individual pension saving account, including CPC and COPC and voluntary pension contributions, investment income, penalties and other receipts in accordance with agreements, this Law, legislation Republic of Kazakhstan.

If the minimum adequacy threshold allows you to use your pension savings, you can apply for lump sum pension benefits above the adequacy threshold an unlimited number of times.

Дата публикации
12 мая 2022
Дата обновления
12 мая 2022
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