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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of June 15, 2023 No. 474

About setting standards and the limits providing financial stability of "State Social Insurance Fund" joint-stock company

1. Set the following regulations and limits providing financial stability of "State Social Insurance Fund" joint-stock company (further - Fund):

the minimum size of reserve of Fund calculated for January 1 of the year following for reporting in the amount of at least ten percent from the provisions size. The reserve of Fund created for covering of risks, possible as a result of activities of Fund, and providing its financial stability is determined as difference of assets and provisions of Fund;

2. Provisions as present value of future social payments to receivers from Fund, are annually determined by Fund with use of actuarial calculations.

3. This resolution becomes effective since July 1, 2023.

Prime Minister of the Republic of Kazakhstan

A. Smailov

 

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