15 years ago in the Republic of Kazakhstan adopted the Law "On Compulsory Social Insurance"

15 years ago in the Republic of Kazakhstan adopted the Law "On Compulsory Social Insurance"

Adoption of the Law "On Compulsory Social Insurance" of the Republic of Kazakhstan introduced a mandatory social insurance, which is an additional level of social protection.

The law is the guarantor of the measures that the government uses for working citizens against social risks.

The document regulates the principles according to which the mandatory social insurance system is stable. These include mandatory participation in the system, the use of social security contributions only on social benefits, as well as the differentiation of social payments depending on income and the duration of payment of social security contributions.

All rights of working citizens to receive social benefits in cases of disability, loss of breadwinner, loss of employment, maternity and child care up to 1 year as determined by the Law.

The operator of the obligatory social insurance system is the State Social Insurance Fund (SSIF), which accumulates social contributions and provides social benefits.

Social contributions are paid to the SSIF at the rate of 3.5%. They are not deducted from the salaries of employees, and transferred at their own expense of employers.

For all time of functioning of the obligatory social insurance system of the SSIF paid almost 950 billion. Recipients of 3,905,697 people have social benefits.