pension fund

Photo courtesy of viborfonda.kz
Single pension fund suggested in Kazakhstan

Nursultan Nazarbayev has suggested creating a single pension fund in Kazakhstan.

Single pension fund suggested in Kazakhstan
Photo by Yaroslav Radlovskiy©
Kazakhstan approves 9-percent pension raise for 2013

Kazakhstan government has signed a decree raising pensions by 9 percent starting from January, 2013.

Kazakhstan approves 9-percent pension raise for 2013
Vladislav Kossarev. Photo by Yaroslav Radlovskiy©
MP doubts Kazakhstan's pension savings system

Kazakhstan Majilis deputy from the Communist party Vladislav Kossarev has doubts about Kazakhstan’s pension system.

MP doubts Kazakhstan's pension savings system
© Daniyal Okassov
Pensions to be raised by 9% starting from January 1, 2013

As of December 1, 2012 the average retirement allowance stands at $257.

Pensions to be raised by 9% starting from January 1, 2013
Toughening of the country’s retirement legislation may cause social tensions
Toughening of the country’s retirement legislation may cause social tensions

We have to admit the country’s pension system has faced a crisis. Peniosn funds are ineffective in managing the money. Inflation is eating the accumulations, a Majilisman believes.

Toughening of the country’s retirement legislation may cause social tensions
Photo by Daniyar Bozov©
Almaty rallies against Marchenko's retiremen age initiative

Besides adopting a resolution - Say no to raising retirement age! Fire Marchenko! - the protestors also target private pension funds in Kazakhstan.

Almaty rallies against Marchenko's retiremen age initiative
Nursultan Nazarbayev. © Daniyal Okassov
Kazakhstan’s Central Bank Governor tasked with further reforming the pension system

Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.

Kazakhstan’s Central Bank Governor tasked with further reforming the pension system
©REUTERS/Bobby Yip
Businessman suspected of fraud against Kazakhstan pension fund in Canada

Ontario Securities Commission filed quasi-charges to a businessman in alleged fraud involving Kazakhstan pension fund.

Businessman suspected of fraud against Kazakhstan pension fund in Canada
kennedyfinancialservices.com
Halyk Bank Chairwoman calls for public debate over suggested pension reform

A new concept of the pension accumulation system is being allegedly developed through merging all the current pension funds into a single state-owned fund to be managed by a foreign company.

Halyk Bank Chairwoman calls for public debate over suggested pension reform
Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan

Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.

Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan
©RIA Novosti
Majority of Kazakhstan residents against raising retirement age for women: poll

81.1 percent of the polled citizens do not support the initiative of raising women's retirement age to 63.

Majority of Kazakhstan residents against raising retirement age for women: poll
© RIA Novosti
Kazakhstan may consider a single state-owned pension fund under foreign management

According to an unidentified source, the suggestion of launching a single state-owned pension fund was put forward by the World Bank.

Kazakhstan may consider a single state-owned pension fund under foreign management
President Nazarbayev. By Daniyal Okassov ©
Nazarbayev urges to toughen control over pension funds

Heads of some pension funds manage the money as if it were their own and serve interests of shareholders: Nazarbayev.

Nazarbayev urges to toughen control over pension funds
Vesti.kz stock photo
Pensions in Kazakhstan raised 9% starting from January 2012

Pensions have been increased by 9% starting from January 2012 in Kazakhstan.

Pensions in Kazakhstan raised 9% starting from January 2012
Tengrinews.kz stock photo
Pension funds consider investing into producing companies

Around 17 billion tenge ($116 million) has been accumulated on pension accounts. And they are not being used in any way.

Pension funds consider investing into producing companies