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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of October 2, 2013 No. 1042

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

(as amended on 06-01-2021)

According to 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. 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.

2. Recognize invalid some decisions of the Government of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after ten calendar days after the first official publication, except for Item parts two 2, of Item part two 3, of Items 9, of 11 Rules which become 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 October 2, 2013 No. 1042

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

Chapter 1. General provisions

1. These 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 (further - Rules) are developed according to 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" (further - the Law) and determine procedure of retirement benefits, lump retirement benefits for the purpose of improvement of housing conditions and (or) payment of treatment from the pension accruals 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.

2. For the purposes of these rules the following 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 single accumulation pension fund (further - ENPF) - the legal entity performing activities for attraction of pension contributions and retirement benefits;

3) retirement benefits from ENPF (further - retirement benefits) - payments of pension accruals to receivers of retirement benefits;

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 ENPF for the purpose of improvement of housing conditions and (or) payment of treatment according to the procedure, established by the Law and these rules;

5) pension accruals - the money of the investor (the receiver of retirement benefits) considered on its individual retirement account, including compulsory pension contributions, compulsory professional pension contributions, investment revenue, penalty fee and other receipts according to agreements, the Law, the legislation of the Republic of Kazakhstan;

6) threshold of the minimum sufficiency of pension accruals - the minimum size of the pension accruals created at the expense of compulsory pension contributions and (or) compulsory professional pension contributions necessary for providing monthly pension is not lower than the size of minimum pension, established by the law on the republican budget and acting on the January 1 of the corresponding financial year determined according to technique of determination of threshold of the minimum sufficiency of pension accruals;

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