
This was told today by Minister of Labor and Social Protection of the people of the Republic of Kazakhstan Madina Abylkasymova within the framework of the expert round table "What to expect from a single cumulative payment?".
"The possibilities for pension provision are increasing and expanding. As you know, since July 2018 we have switched to differentiation of the basic pension payment depending on the length of service. Prior to that - 54% of the subsistence minimum, now - if there is an experience of more than 10 years - will be appointed differentially in an increased amount. Maximum -100% of the cost of living. "
Thus, the introduction of the STP contributes to the fact that citizens will register their work activities.
In general, according to the minister, the STP will increase the level of social security and citizens, as well as increase their incomes.