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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of September 18, 2013 No. 984

About approval of Pension rules of the single accumulation pension fund

(The last edition from 08-05-2019)

According to Item 1 of article 37 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. Approve the enclosed Pension rules of the single accumulation pension fund (further - Rules).

2. This resolution becomes effective after ten calendar days from the date of the first official publication, except for Section 3 of Rules which becomes effective since January 1, 2014.

Prime Minister of the Republic of Kazakhstan

S. Akhmetov

Approved by the Order of the Government of the Republic of Kazakhstan of September 18, 2013 No. 984

Pension rules of the single accumulation pension fund

Chapter 1. General provisions

1. These Pension rules of the single accumulation pension fund (further – Rules) are developed according to the Law of the Republic of Kazakhstan of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" (further – the Law) and establish features of legal relationship between the single accumulation pension fund (further – ENPF) and:

1) investor of compulsory pension contributions;

2) physical person for which compulsory professional pension contributions are listed;

3) the receiver of retirement benefits at the expense of compulsory pension contributions and (or) compulsory professional pension contributions (further – the receiver of retirement benefits);

4) agent on payment of compulsory professional pension contributions.

2. Compulsory pension contributions are subject to payment at the rates determined by the Law:

agents on payment of compulsory pension contributions;

agents on payment of compulsory professional pension contributions (further – the agent).

3. Compulsory pension contributions and compulsory professional pension contributions are paid in national currency of the Republic of Kazakhstan. Compulsory pension contributions cannot be paid to advantage of other persons.

4. The procedure and terms of calculation, deduction (charge) and transfer of compulsory pension contributions and compulsory professional pension contributions and collection on them, and also implementation of retirement benefits at the expense of compulsory pension contributions and compulsory professional pension contributions from ENPF are established by the Government of the Republic of Kazakhstan and the Law.

Chapter 2. Procedure for the conclusion of the pension provision agreement at the expense of compulsory pension contributions

5. ENPF performs attraction of compulsory pension contributions and payment of pension accruals at the expense of compulsory pension contributions.

6. The pension provision agreement at the expense of compulsory pension contributions is the agreement of accession which conditions affirm ENPF and take place on the ENPF Internet resource.

The pension provision agreement at the expense of compulsory pension contributions establishes the rights, obligations and responsibility provided by the Law and also other features of legal relationship between ENPF, the investor of compulsory pension contributions (the receiver of retirement benefits at the expense of compulsory pension contributions).

7. No. 263 is excluded according to the Order of the Government of the Republic of Kazakhstan of 08.05.2019

7-1. Compulsory pension contributions are enlisted on the opened individual retirement accounts of investors of compulsory pension contributions. In case of absence at physical person in ENPF of the opened individual retirement account for accounting of compulsory pension contributions, the individual retirement account is opened based on arrived from The Government for Citizens State corporation (further - the State corporation) lists of physical persons for benefit of which compulsory pension contributions according to the procedure are listed, determined by the Government of the Republic of Kazakhstan.

At the same time at the place of residence in the Republic of Kazakhstan, ENPF receives data on details of the existing identity document of the physical person issued by authorized body of the Republic of Kazakhstan on its registration from the corresponding state information systems.

8. The investor is considered by the single accumulation pension fund of the electronic notification of the State corporation on introduction of data on the pension provision agreement which joined the pension provision agreement at the expense of compulsory pension contributions, compulsory professional pension contributions from the date of obtaining at the expense of compulsory pension contributions, compulsory professional pension contributions in the single list of the physical persons which signed the pension provision agreement at the expense of compulsory pension contributions, compulsory professional pension contributions. (further - the single list).

Chapter 3. Procedure for the conclusion of the pension provision agreement at the expense of compulsory professional pension contributions

9. ENPF performs attraction of compulsory professional pension contributions and payment of pension accruals at the expense of compulsory professional pension contributions.

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