site.news_by_theme pension fund

I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.

Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.

The larger the pension savings pool is, the more investment tools are needed to secure a sufficiently high yield: Marchenko.

Shareholders of pension funds involved into the swapping deal are first of all interested in having their missed profit compensated for: Gregory Marchenko.

Earlier Mr. Kelimbetov, the then Vice Prime Minister, said that all the pension savings should be consolidated into a single government-owned pension fund by July 1, 2013.

Transfer of pension assets and obligations of Kazakhstan's pension funds to the Single Pension Fund will start on October 11 and finish on June 26, 2014.

Astana and Almaty residents transferred almost 100 billion tenge to pension funds in 7 months of 2013.

I am not sure the pension reform is complete before the end of the year: Central Bank Governor.

Poland on Wednesday said it will transfer government bonds held by private pension funds to the state pension sector in a move aimed at curbing public debt amid an economic slowdown.

The Socialist government's plans to reform France's debt-ridden pension system , to be presented to ministers this month, fail to address the core problems and could spark fresh tensions with Brussels.

Purchase of the shares of Kazakhstan’s pension funds by the Single Pension Fund will be finalized by the end of 2013.

Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.

The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.

Kazakhstan President Nursultan Nazarbayev has signed the law reforming the pension system and gradually increasing women's pension age from 58 to 63.

I am asking the government to take decisive measures to purchase the share in Kashagan project from ConocoPhillips: Tursunbek Omurzakov.

According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

Kazakhstan Senate has approved the draft law amending the pension system in the first reading.

The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.

Pension deductions for those involved in hazardous industrial production will make up 15%.

Given all that, the decision to launch a single pension fund [to replace all the current ones] was very reasonable on the part of the Government.