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Marchenko unveiles Kazakhstan women's retirement schedule

29 july 2013, 17:13
Photo by Yaroslav Radlovskiy©
Photo by Yaroslav Radlovskiy©
Chairman of Kazakhstan National Bank Gregory Marchenko has unveiled the schedule of the gradual raise of the retirement age for women in Kazakhstan during the recent online-conference at profinance.kz.

Here is the schedule:

starting from January 1, 2018: retirement at the age of 58.5;
starting from January 1, 2019: retirement at the age of 59;
starting from January 1, 2020: retirement at the age of 59.5;
starting from January 1, 2021: retirement at the age of 60;
starting from January 1, 2022: retirement at the age of 60.5;
starting from January 1, 2023: retirement at the age of 61;
starting from January 1, 2024: retirement at the age of 61.5;
starting from January 1, 2025: retirement at the age of 62;
starting from January 1, 2026: retirement at the age of 62.5;
starting from January 1, 2027: retirement at the age of 63.

Women born in 1964 will be the first group to retire at the age of 63, Marchenko said.

Kazakhstan President Nursultan Nazarbayev signed the laws On Pension Coverage in Kazakhstan and On Amendments to Certain Legislative Acts of Kazakhstan on Pension Coverage reforming the existing pension system in June. The laws are called to create conditions for modernization of the pension system, ensure its financial stability, help accumulate and multiply the pension savings, as well as ensure transparency of the pension savings management.

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