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Kazakhstan Minister of Labor and Social Protection Serik Abdenov. Photo courtesy of primeminister.kz
Early retirement possible with enough savings: Kazakhstan Minister

The current savings threshold in Kazakhstan is 3.1 million tenge ($20.7 thousand) for women and 2.8 million tenge ($18.7 thousand) for men.

Early retirement possible with enough savings: Kazakhstan Minister
Photo by Yaroslav Radlovskiy©
Retirement reform picking up in Kazakhstan

A special attention is given to employees working in tough and hazardous conditions; their employers will allocated extra 5% into their pension funds.

Retirement reform picking up in Kazakhstan
Gregory Marchenko. Photo by Vladimir Dmitriyev©
Marchenko plans to retire at 55

Chairman of Kazakhstan National Bank Gregory Marchenko plans to retire in 2015.

Marchenko plans to retire at 55
Vice PM Kairat Kelimbetov. ©pm.kz
There is no final political decision on raising the retirement age for women so far: Vice PM Kelimbetov

When there are decent working conditions in place, everyone is willing to work as long as possible: Central Bank Governor.

There is no final political decision on raising the retirement age for women so far: Vice PM Kelimbetov
Labor Minister Serik Abdenov. ©primeminister.kz
Kazakhstan to gradually raise retirement age for women

The changes should be gradual. For women who will be retiring before 2018 the retirement age will be annually raised by half a year within the following 10 years: Labor Minister.

Kazakhstan to gradually raise retirement age for women
Shocked world media speculates on pope's successor
Shocked world media speculates on pope's successor

The world's media Tuesday speculated on whether the next pontiff may come from the developing world, while paying mixed tributes to Pope Benedict XVI following his shock resignation announcement.

Shocked world media speculates on pope's successor
'Dysfunction' in Congress puts US at risk: Panetta
'Dysfunction' in Congress puts US at risk: Panetta

Chronic deadlock in Congress threatens to derail the US economy, damage national security and undermine public trust in its leaders.

'Dysfunction' in Congress puts US at risk: Panetta
Cathay asks crew to volunteer for early retirement
Cathay asks crew to volunteer for early retirement

Hong Kong flag carrier Cathay Pacific on Tuesday asked its cabin crew to volunteer for early retirement as part of its cost-cutting measures to boost profitability amid a global slowdown.

Cathay asks crew to volunteer for early retirement
The retired in Almaty. © Yaroslav Radlovsky
Central Bank Governor Gregory Marchenko refuses to comment on efforts to raise retirement age

According to him, the Government and the Parliament will be responsible for any final decisions.

Central Bank Governor Gregory Marchenko refuses to comment on efforts to raise retirement age
Photo by Yaroslav Radlovskiy©
Ratio of retired and employable people in Kazakhstan starts to change in 2013

The number of employable people is going to be decreasing the number of retired people will be growing starting from 2013 in Kazakhstan.

Ratio of retired and employable people in Kazakhstan starts to change in 2013
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
Majority of polled Kazakhstan citizens want to work past retirement
Majority of polled Kazakhstan citizens want to work past retirement

36 percent of those who want to work until retirement (and after if they can) are confident that it is impossible to live on pension payments.

Majority of polled Kazakhstan citizens want to work past retirement
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
Head of Kazakhstan National Bank Gregory Marchenko. Photo by Danial Okassov©
Marchenko keeps advocating raise of retirement age in Kazakhstan

We have submitted our suggestions to the previous Prime-Minister and Ministry of Labor and Social Protection: Marchenko.

Marchenko keeps advocating raise of retirement age in Kazakhstan
Russian President Vladimir Putin. ©RIA Novosti
Russia marks Putin's 60th birthday

Putin turned 60 the official retirement age in the country he has dominated for the past 12 years, as critics snickered that his image of an energetic, young macho leader no longer corresponds with his age.

Russia marks Putin's 60th birthday
Serik Sapiyev during the meeting with "Arystan" students. ©Daniyar Bozov
Boxing: Sapiyev mulling to become public officer in case of retirement

Kazakhstan’s boxer and Olympic champion Serik Sapiyev visited Arystan Specialized Lyceum and shared his future plans with the students.

Boxing: Sapiyev mulling to become public officer in case of retirement
©RIA Novosti
Battling time and protests, Putin turns 60

Russian President Vladimir Putin hits retirement age on Sunday but he appears determined to prove that 60 is the new 40.

Battling time and protests, Putin turns 60