Are pension savings inherited in the event of the depositor's death?

The money accumulated in individual pension accounts is the property of the contributor (recipient) and is kept in the Fund indefinitely, even in the event of his death.

In accordance with Articles 31, 32, 33 of the Law of the Republic of Kazakhstan "On Pension Provision in the Republic of Kazakhstan" in the event of the death of a person who has pension savings at the expense of compulsory, compulsory professional and voluntary pension contributions, they are inherited in the manner established by the legislation of the Republic of Kazakhstan. faces Kazakhstan.

The inheritance of pension savings is carried out by will or by law. When a will is absent or does not determine the fate of the entire inheritance, as well as in other cases established by civil law, inheritance takes place by law.

According to the Civil Code of the Republic of Kazakhstan, in order to acquire an inheritance, the heir must accept it by submitting at the place of opening the inheritance to a notary or an official authorized in accordance with the law to issue a certificate of the right to inheritance of an application for acceptance of an inheritance or an application for issuance of a certificate of the right to inheritance. The inheritance can be accepted within six months from the date of opening the inheritance, i.e. within six months from the date of death of the testator.