Pension provision in the Republic of Kazakhstan is carried out by the Social Code of the Republic of Kazakhstan dated April 20, 2023.
The retirement age is 63 years for men and 61 years for women.
From 2023 to 2028, the "retirement" age of women will not change and will be 61 years. The maximum retirement age is 63 years, will be effective from 2031.
Let's calculate the age at which women in Kazakhstan can retire:
The easiest way to calculate your retirement date is to use a pension calculator.
Women who have given birth (adopted) 5 or more children and raised them up to the age of eight have the right to age pension payments upon reaching 53 years.
UAPF depositors who have issued a pension annuity can retire 8 years earlier.
To do this, a person has the right to conclude an agreement with an insurance company providing such a service. After that, the pension fund transfers part of the savings of this depositor to the company, and it pays the pension insurance payment to the client for life.
In order to conclude a contract with an insurance company and receive insurance payments ahead of time, you need to accumulate a sufficient amount of money, which varies depending on the gender and age of the depositor.
From 2023, men aged 55 can purchase an annuity, and women aged 53. For example, among the agreements with an insurance company there may be a clause according to which, after the death of a pensioner, pension insurance payments are still received by his heirs for some time. Persons who have been working in harmful production for at least 5 years can also conclude a pension annuity agreement.
The age for men and women is 50 years. That is, the employer had to deduct mandatory professional pension contributions for them for at least 5 years. At the same time, the younger the applicant for early retirement, the more the amount accumulated in the UAPF should be.
More details on this procedure can be found on the UAPF website.