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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of October 24, 2012 No. 745

About Rules of payment by Social fund of the Kyrgyz Republic of means of pension accruals of the State accumulation pension fund

(as amended on 01-04-2021)

For the purpose of establishment of payment procedure by Social fund of the Kyrgyz Republic of means of pension accruals of the State accumulation Government of the Kyrgyz Republic pension fund decides:

1. Approve Rules of payment by Social fund of the Kyrgyz Republic of means of pension accruals of the State accumulation pension fund (further - Rules) according to appendix.

2. To provide to social fund of the Kyrgyz Republic payment of means of pension accruals of the State accumulation pension fund according to the Rules approved by Item 1 of this resolution in the following procedure:

since the moment determined by the legislation of the Kyrgyz Republic - to heirs of the died insured person;

since January 1, 2013:

a) to the citizens of the Kyrgyz Republic, foreign citizens and persons without citizenship who left or leaving on the permanent residence;

b) to the working pensioners having the pension accruals considered in accumulated portion of the personal insurance account and exempted since January 1, 2012 from payment of insurance premiums in the State accumulation pension fund;

since January 1, 2013, but not earlier than from the date of emergence of pension entitlement on the national pension social insurance, the following categories of insured persons:

a) excluded from forming of investment part of the state pension since January 1, 2012: to the men born before January 1, 1964 and the women born before January 1, 1969;

b) retiring according to the Law of the Kyrgyz Republic "About the national pension social insurance";

c) retired according to the Law of the Kyrgyz Republic "About provision of pensions of the military personnel".

3. To impose control of execution of this resolution on department of social development of Government office of the Kyrgyz Republic.

4. This resolution becomes effective from the date of official publication.

 

Prime Minister

Zh. Satybaldiyev

Approved by the order of the Government of the Kyrgyz Republic of October 24, 2012 No. 745

Appendix

Rules of payment by Social fund of the Kyrgyz Republic of means of pension accruals of the State accumulation pension fund

1. General provisions

1. The investment part of the state pension is granted and paid to the receivers having pension accruals in accumulated portion of the personal insurance account including:

1) to the pensioners who are receiving pension according to the Law of the Kyrgyz Republic "About the national pension social insurance" and having the pension accruals considered in accumulated portion of the personal insurance account;

2) to the persons having pension entitlement and who addressed for its appointment according to the Law of the Kyrgyz Republic "About the national pension social insurance" in the presence of the pension accruals considered in accumulated portion of the personal insurance account;

3) to the citizens of the Kyrgyz Republic, foreign citizens and persons without citizenship who left or leaving on the permanent residence and having the pension accruals considered in accumulated portion of the personal insurance account;

4) to heirs of the died insured person having pension accruals in accumulated portion of the personal insurance account;

5) to the pensioners who retired according to the Law of the Kyrgyz Republic "About provision of pensions of the military personnel" in the presence of the pension accruals considered in accumulated portion of the personal insurance account.

6) once to persons obtaining mortgage loan in the presence of the pension accruals considered in accumulated portion of the personal insurance account in the amount is at least pyatist of settlement indicators, on condition of lack of own housing;

7) once to persons having serious illness according to the List of the serious illness granting the right to early receipt of means of pension accruals (investment part of the state pension) (further - the List of diseases), specified in appendix 4 to these rules in the presence of the pension accruals considered in accumulated portion of the personal insurance account.

2. Payment types, the pension accruals performed at the expense of means

2. At the expense of means of the pension accruals created for benefit of insured person the following payment types are performed:

- lump sum payment of means of pension accruals (investment part of the state pension) (further - lump sum payment);

- urgent (during the certain period) retirement benefit.

3. Lump sum payment is performed to the following categories of insured persons:

- to the persons receiving disability pension of I and II groups whose disability is established without the term of re-examination (is termless), and also having the right to such type of pension and who addressed for its appointment according to the Law of the Kyrgyz Republic "About the national pension social insurance";

- for choice - to persons having pension entitlement on age and disability (except for persons specified in the paragraph the second this Item) and addressed for its appointment according to the Law of the Kyrgyz Republic "About the national pension social insurance".;

- to the citizens of the Kyrgyz Republic, foreign citizens and persons without citizenship who left or leaving on the permanent residence, submitted the documents confirming intention or the fact of departure;

- to heirs of the died insured person;

- to persons excluded from forming of investment part of the state pension since January 1, 2012: to the men born before January 1, 1964 and the women born before January 1, 1969. For lump sum payments of means of pension accruals do not extend to this category of receivers of restriction on the amount of accumulatings;

- to persons obtaining mortgage loan whose amount of pension accruals by the time of the address constitutes at least pyatist of settlement indicators;

- to persons having serious illness according to the List of diseases specified in appendix 4 to these rules in the presence of the pension accruals considered in accumulated portion of the personal insurance account.

4. The amount of lump sum payment is determined by formula:

                                    EV = In + D, where:

EV - the amount of lump sum payment;

In - the amount of the insurance premiums paid to the State accumulation pension fund, considered in accumulated portion of the personal insurance account of insured person as of day from which to it the lump retirement benefit is appointed;

Д - income amount, received from investment.

Calculation is made according to accumulated portion of the personal insurance account of insured person in system of the personified accounting for the purposes of the national social insurance.

The amount of lump sum payment for financing of the initial contribution is determined by mortgage loan by the applicant, but the pyatist of settlement indicators no more amount of means of the pension accruals (investment part of the state pension) considered in accumulated portion of the personal insurance account suffices.

5. The due retirement benefit is made for choice - to persons specified in paragraph three of Item 3 of these rules.

6. The size of due retirement benefit is determined by formula:

SPV = (PN * TO) / 12,

where:

SPV - the size of monthly due retirement benefit;

PN - the amount of means of the pension accruals considered in accumulated portion of the personal insurance account of insured person as of day from which to it the due retirement benefit is appointed;

To - the actuarial coefficient established annually depending on retirement age according to the valid demographic data of National Statistical Committee of the Kyrgyz Republic on average life expectancy of men and women for the last five years.

The actuarial coefficient "To" is counted annually. It is considered and affirms the Supervisory board on management of the national social insurance.

6-1. Ceased to be valid according to the Order of the Government of the Kyrgyz Republic of 01.04.2021 No. 124

7. The investment revenue gained from investment of means of pension accruals is subject to payment to receivers of investment part of the state pension according to the procedure, established by the Government of the Kyrgyz Republic. The size of investment revenue is subject to reflection in investment part of the state pension of the personal insurance account of insured person.

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