How to Purchase a Joint Retirement Annuity?

Upon signing by Head of the State of the Republic of Kazakhstan of the Law "On amendments and additions to certain legislative acts of the Republic of Kazakhstan on insurance and securities market and banking activities regulation and development" Kazakhstani people are entitled to co-operate their retirement savings of married couple members or close relatives. They will be able to receive lifetime payments without waiting for retirement age and official retirement.

In this material, we will review who can apply for joint (surrender) retirement annuity and how the parties’ income will be redistributed.