Who is entitled to receive pension savings benefit payments according to the schedule?
Monthly pension benefit payments according to the established schedule from the UAPF in accordance with the Social Code of the Republic of Kazakhstan are made to persons who have reached retirement age (men - 63 years, women - 61 years), as well as persons with disabilities of group 1 or 2, established indefinitely, who have pension savings in the UAPF, in the manner determined by the Government of the Republic of Kazakhstan.
How are pension benefits calculated according to the schedule?
Pension benefits are calculated according to the schedule as follows: in the first year of receiving benefits, the amount of pension savings is multiplied by the pension savings payment rate of 6.5% and divided by 12. In subsequent years, the amount of the monthly pension benefit is increased by the pension benefit indexation rate of 5%. In this case, the monthly pension benefit from the UAPF is paid in the amount of at least 70% of the subsistence minimum (hereinafter - SM) established for the relevant financial year by the law on the republican budget (in 2025, the SM is 46,228 tenge).