The Senate of the Kazakh Parliament adopted the law on social security of the citizens

Today at the Plenary session Senate Deputies passed the draft Law "On amendments and additions to some legislative acts of Kazakhstan on social security", developed in implementation of the President's address to people of Kazakhstan dated January 31, 2017, "the Third modernization of Kazakhstan: global competitiveness".

This Bill is aimed at:

- increase of pensions from 1 July 2017 up to 20% compared to 2016.

In 2017-2018 will be gradually increased the size of pensions paid from the national budget. The sizes of solidary pensions will be increased by 11%, subject to a 9% increase at the beginning of the year. The basic pension will be increased by 13%, taking also into account the 7% increase. This increase applies to all pensioners, or more than 2 million people;

- increasing the size of lump-sum allowance in connection with birth of a child from 1 July 2017 up to 20%.

- transfer the intended period of implementation of 5% mandatory pension contributions from the employer from 2018 to 2020.

In General, the above increase of pensions and allowances in the national budget provided 81,6 billion.

The bill provides for amendments to 11 laws of the Republic of Kazakhstan.

Negative legal and socio-economic consequences of its adoption is not expected.