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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of January 6, 2021 No. 1

About determination of authorized operators on target use of lump retirement benefits from the single accumulation pension fund for the purpose of improvement of housing conditions and (or) payment of treatment and modification and amendments in some decisions of the Government of the Republic of Kazakhstan

According to subitem 37-1) of Article 1, the subitem 5) of article 6 of the Law of the Republic of Kazakhstan of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" the Government of the Republic of Kazakhstan DECIDES:

1. Determine authorized operators by target use of lump retirement benefits from the single accumulation pension fund:

for the purpose of improvement of housing conditions - joint-stock company "Housing construction savings bank "Otbasy bank";

for the purpose of improvement of housing conditions by introduction of the initial contribution for receipt of mortgage housing loan on acquisition of the dwelling and (or) dwelling with carrying out repair within one agreement of bank loan; partial or complete debt repayment on mortgage housing loan on acquisition of the dwelling and (or) dwelling with carrying out repair within one agreement of bank loan; refinancings of mortgage housing loan - banks of the second level;

for the purpose of treatment payment - joint-stock company "Housing construction savings bank "Otbasy bank".

2. Approve the enclosed changes and additions which are made to some decisions of the Government of the Republic of Kazakhstan.

3. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since January 1, 2021, except for the paragraph of the eleventh Item 1 of the enclosed changes and amendments which becomes effective since April 1, 2021.

Prime Minister of the Republic of Kazakhstan

A. Mamin

Approved by the Order of the Government of the Republic of Kazakhstan of January 6, 2021 No. 1

Changes and additions which are made to some decisions of the Government of the Republic of Kazakhstan

1. In the order of the Government of the Republic of Kazakhstan of October 2, 2013 No. 1042 "About approval of Rules of implementation of retirement benefits from the pension accruals created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund, and technique of implementation of calculation of the size of retirement benefits" (SAPP of the Republic of Kazakhstan, 2013, No. 58, the Art. 791):

state heading in the following edition:

"About approval of Rules of implementation of retirement benefits, lump retirement benefits for the purpose of improvement of housing conditions and (or) the payments of treatment created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund, their return to the single accumulation pension fund, technique of implementation of calculation of the size of retirement benefits, technique of determination of coefficient of replacement of the average monthly income of the receiver with retirement benefits, technique of determination of threshold of the minimum sufficiency of pension accruals";

state Item 1 in the following edition:

"1. Approve enclosed:

1) Rules of implementation of retirement benefits, lump retirement benefits for the purpose of improvement of housing conditions and (or) the payments of treatment created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund, their return to the single accumulation pension fund according to appendix 1 to this resolution;

2) technique of implementation of calculation of the size of retirement benefits according to appendix 2 to this resolution;

3) technique of determination of coefficient of replacement of the average monthly income of the receiver with retirement benefits according to appendix 3 to this resolution;

4) technique of determination of threshold of the minimum sufficiency of pension accruals according to appendix 4 to this resolution.";

The rules of implementation of retirement benefits from the pension accruals created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund approved by the specified resolution to be reworded as follows according to appendix 1 to this resolution;

to be reworded as follows technique of implementation of calculation of the size of retirement benefits according to appendix 2 to this resolution;

add with appendices 3 and 4 according to appendices 3 and 4 to this resolution.

2. In the order of the Government of the Republic of Kazakhstan of April 10, 2014 No. 341 "About approval of Rules of accomplishment of guarantees of the state to receivers of retirement benefits on safety of compulsory pension contributions, compulsory professional pension contributions in the single accumulation pension fund in the amount of actually brought compulsory pension contributions, compulsory professional pension contributions taking into account the rate of inflation" (SAPP of the Republic of Kazakhstan, 2014, No. 27, the Art. 217):

in Rules of accomplishment of guarantees of the state to receivers of retirement benefits on safety of compulsory pension contributions, compulsory professional pension contributions in the single accumulation pension fund in the amount of actually brought compulsory pension contributions, compulsory professional pension contributions taking into account the rate of inflation approved by the specified resolution:

state Item 2 in the following edition:

"2. In these rules the following basic concepts are used:

1) The Government for Citizens State corporation (further - the State corporation) - the legal entity created according to the decision of the Government of the Republic of Kazakhstan for rendering the state services, services in issue of specifications on connection to networks of subjects of natural monopolies and services of subjects of the quasi-public sector according to the legislation of the Republic of Kazakhstan, the organization of work on reception of applications on rendering the state services, services in issue of specifications on the connection to networks of subjects of natural monopolies, services of subjects of the quasi-public sector and issue of their results to uslugopoluchatel by the principle of "one window", and also ensuring rendering the state services electronically performing state registration of the rights to real estate in the place of its stay;

2) the receiver of payment of difference (further - the receiver) - physical person to which payment of difference is appointed;

3) authorized body on social security - the state body performing regulation in the field of social security;

4) lump retirement benefit - the amount of the pension accruals created at the expense of compulsory pension contributions and (or) compulsory professional pension contributions, withdrawn by the investor (receiver) from the single accumulation pension fund for the purpose of improvement of housing conditions and (or) payment of treatment according to the procedure, established by the Law;

5) the single accumulation pension fund (further - ENPF) - the legal entity performing activities for attraction of pension contributions and retirement benefits;

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