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National Bank Governor on investing pension assets into infrastructure projects Pension savings are to be consolidated into a single pension fund by July 1, 2013.

07 February 2013

Pension savings of Kazakhstan citizens to be consolidated in single pension fund by July 1 Creation of the single pension fund does not mean nationalizing of pension savings: the savings will still be owned by the citizens: Vice-PM of Kazakhstan.

06 February 2013

Kazakhstan Stock Exchange Director on the planned single pension fund Although the number of issuers will decrease, there will be one powerful investor (…) the investment rules are expected to be liberalized: Kadyrzhan Damitov.

06 February 2013

Current pension funds could be transformed into asset management companies: Central Bank Governor According to him, the Government is to hire an assessment company to fairly and independently evaluate the assets so that they could be bought out later on at a fair market value.

29 January 2013

Central Bank Governor on the upside and downside of the suggested single pension fund According to him, if there is a single pension fund managed directly by the Government or by the National Fund, there will be no deals closed with affiliated companies.

28 January 2013

National Bank shouldn’t act as both the owner and regulator of the single pension fund: Gregory Marchenko President made the decision to the benefit of the nation (…) and it will be brought to life, Central Bank Governor pledged.

28 January 2013

Labor Minister comments on suggested single pension fund According to him, the Government suggests channeling the money to support S&MBs within the Business Development Roadmap – 2020 as well as to finance infrastructure projects.

25 January 2013

Banker Zhomart Ertayev lists benefits of a single pension fund According to him, the measure will provide finances for long-term infrastructure projects that are badly needed.

24 January 2013

Minister of Economic Affairs commenting on single pension fund I don’t think there will be literally a single pension fund. The point was to introduce a single system to manage pension accounts: Erbolat Dossayev.

24 January 2013

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

23 January 2013

Kazakhstan approves 9-percent pension raise for 2013 Kazakhstan government has signed a decree raising pensions by 9 percent starting from January, 2013.

28 December 2012

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

26 December 2012

Pensions to be raised by 9% starting from January 1, 2013 As of December 1, 2012 the average retirement allowance stands at $257.

12 December 2012

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.

21 November 2012

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.

15 October 2012

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.

17 September 2012

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.

20 July 2012

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.

22 May 2012

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.

16 May 2012

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.

10 May 2012

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