The next link in a series of dialogues about Kazakhstan's pension system on its 25th anniversary was a conversation with Kadyrzhan Kabdoshevich Damitov, an economist and political figure from Kazakhstan, former Chairman of the National Bank of the Republic of Kazakhstan (1998-1999), and former President of the Kazakhstan Stock Exchange: KASE (2009-2013), who served as a member of the Board of Directors and an independent director of the United Pension Fund JSC (2017-2020).
Kadyrzhan Damitov spoke about the situation in the country at the time of the introduction of the pension reform, the role of pension funds in the development of the state economy, the tasks facing the Unified Pension Fund, the difficulties and ways to overcome them, and much more in an interview with the BZhZҚ Unified Pension Fund YouTube channel.
"In 1998, when I became the head of the National Bank, the distribution pension system, which was unable to meet the needs of pensioners and placed a heavy burden on the country's economy and budget, was replaced by a mixed accumulative pension system.