This Law determines the legal and social grounds of retirement insurance of citizens in the Republic of Kazakhstan, regulates participation of the state bodies,, individuals and legal entities in realization of the constitutional right of citizens on retirement insurance.
Chapter 1. GENERAL PROVISIONS
Article 1. The basic concepts, used in this Law
The following basic concepts shall be used in this Law:
1) State corporation "Government for citizens" (hereinafter – State corporation) – a legal entity, created by the decision of the Government of the Republic of Kazakhstan for rendering public service, services on issuance of technical conditions for connection to networks of natural monopolies and services of quasi-public sector entities in accordance with the legislation of the Republic of Kazakhstan, organization of work on reception of applications for rendering state services on issuance of technical conditions for connection to networks of natural monopolies, services of quasi-public sector entities and issuance of their results to the service-recipient on the principle of "one window", as well as ensuring the provision of state services in electronic form, carrying out state registration of rights to immovable property at the place of its location;
1-1) diversification – placement of pension assets in various financial instruments in order to reduce the risk of their losses.......