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How will pensions and allowances be increased in 2019?

The concept of further modernization of the pension system of the Republic of Kazakhstan until 2030, approved by the Decree of the President of the Republic of Kazakhstan dated June 18, 2014 № 841, provides that to maintain the size of solidary pensions at an acceptable level, their sizes are indexed annually ahead of inflation by two percent.

Thus, since January 1, 2019, the annual increase in pension payments by age and pension payments for seniority by 7% has been made.  

Also, due to the change in the value of the subsistence minimum since January 1, 2019, the size of the state basic pension payment, as well as state social allowances (by 5%) has been increased.

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