The accumulative pension system of Kazakhstan
A series of interviews on the occasion of the 25th anniversary
A quarter of a century has passed since the implementation of the pension reform, which provided for a gradual transition from state pension provision to a multi-component pension system.
On the YouTube channel of the UAPF ENPF, a conversation was held with a statesman, a well-known Kazakhstani financier, chairman of the Public Social Fund "Kazakhstan halkyna" Bolat Bidakhmetovich Zhamishev about where the pension reform began, how the foundation was laid, the experience of overcoming mistakes and difficulties, why the accumulative pension system is needed, its evolution and purpose, as well as other interesting moments. Bolat Bidakhmetovich is known as one of the developers of the concept of pension reform and an active participant in its implementation.
As part of the Working Group, Bolat Bidakhmetovich studied the experience of countries that have successfully implemented pension reforms. He was the first to head the "National Pension Agency", which regulates and controls the activities of pension funds. As a deputy minister of Labor and social protection of the population, he supervised the direction of pension provision.
Bolat Bidakhmetovich said in an exclusive interview: "the pension system is a system for centuries, when one generation retires, the next generation is born, and the pension system continues to work for them. If mistakes have been made, it is never too late to correct them. The pension system is stable, but it should be flexible, able to constantly improve and develop in order to achieve its main goal of providing a decent pension not only for current, but also for future pensioners.
You can see the full interview of Bolat Zhamishov on the Uapf ENPF YouTube channel on September 4, 2023 at the link:
https://www.youtube.com/watch?v=cTiRW6bPApw
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