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From 1 January 2018, the pensions will be increased

increase of pensions

In 2017, the Ministry of labor and social protection of population of Kazakhstan has carried out substantial work in the implementation of core policies in the socio-labor sphere.

The government ensured the implementation of all social obligations. In 2017, the pensions increased by 20%. Including twice increased amount of the cumulative pension. January by 9%, with July 11%. Size of state base pension payment increased by 7% and 13%, respectively.

Following the increase of pensions will be in January 2018.

The size of pension payments according to age and seniority, will be increased by another 8%.

These changes will affect more than 2 million retirees, that is, all who now receive pensions.

In addition, from 1 July 2018 the purpose of the basic pension will be carried out under the new methodology, depending on the period of participation in the pension system.

So, if length of service is 10 years or less experience or none at all, then the basic pension is equal to 54% of the subsistence minimum. For each year over 10 years, its size will increase by 2%. With the experience of 33 years or more - he will be 100% of the subsistence minimum.

All held to pensioners from 1 July 2018 will be made a one-time recalculation of the basic pension. The results of which more than 44% will receive a basic pension equal to 100% of the subsistence minimum, the same amount will get from 74 to 100% from the LW.

Changed on 25 December, 2017 - 18:33
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