Tenge depreciation concerns retirees
Chairman of Kazakhstan's National Bank Kairat Kelimbetov: pension funds are secure against inflation.
Kazakhstan's 5% employer pension contributions explained by Vice Minister
Vice Minister of Health and Social Development explains the new provision in the pension legislation concerning five percent employer contributions.
Pension reform in Kazakhstan raises questions
Kazakhstan is moving forward with its new pension system. However, some are concerned it will mean lower revenues for the state budget and more money in the shadow economy.
Nazarbayev signs Kazakhstan pension legislation amendments
Kazakhstan is getting ready to implement a new pension system.
Kazakhstan, Russia and Belarus to practice so-called pensions exports
Earlier Kazakhstani residents just withdrew their entire pension savings when moving to another country and managed the entire amount at their own discretion.
Single Pension Fund to attract private companies for assets management
Starting from next year, part of the assets will be managed by private companies (…) to develop the People’s IPO Program and take part in IPOs run by various companies. The National Bank will be responsible for investing into government securities: Central Bank Governor.
Kazakh deputy demands answers from National Bank for pension losses
Kazakhstan MP asks the National Bank why 90 billion tenge ($484 million) were written off from pension accounts.
Kazakh Single Pension Fund considers new investment strategies
Single Pension Fund of Kazakhstan might soon allow its depositors to choose investment strategies.
Bonds of 22 companies held by Single Pension Fund of Kazakhstan depreciate four-fold
Securities of 22 companies held by the Single Pension Fund of Kazakhstan now cost four times less then their nominal value.
Kazakhstan National Bank official explains Single Pension Fund losses
Advisor to the governor of the National Bank of Kazakhstan talks about pension fund losses as of September and the benefits of National Bank managing the Single Pension Fund.
National Bank of Kazakhstan defends pension assets' investment into second tier banks
The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.
Kazakh deputies outraged at risky investments of Single Pension Fund
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
Pension reform concept approved in Kazakhstan
The Concept of modernization of Kazakhstan’s pension system until 2030 has been approved.
Kazakhstani pension savings amount to $21 billion
Kazakhstanis had over $21 billion in pension savings as of June 1, 2014.
State-run Single Pension Fund to deposit money with Kazakhstan-based banks
“I commission the National Bank and the Government to work out a strategy to invest the assets of the Pension Fund, including depositing the money with Kazakhstan-based banks for a long term”, President Nazarbayev said earlier.
President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund
President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.
Merger of pension funds to form a single entity complete in Kazakhstan
Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.
Will the pension funds be merged into the Single Pension Funds by April 2014?
Ular Umit pension fund is completing the merger to be followed by the pension fund owned by Halyk Bank, the last to be merged with the newly-formed Single Pension Fund: the Fund’s Press Service.
Central Bank Governor to manage assets of Single Pension Fund
Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.
Single Pension Fund ensures safety of pension savings
Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.