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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 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

(The last edition from 09-10-2018)

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 from the pension accruals created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund (further - Rules);

2) technique of implementation of calculation of the size of retirement benefits.

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 from the pension accruals created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund

Chapter 1. General provisions

1. These 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 (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 from the pension accruals created at the expense of compulsory pension contributions, compulsory professional pension contributions from the single accumulation pension fund.

2. For the purposes of these rules the following concepts are used:

1)  No. 603 is excluded according to the Order of the Government of the Republic of Kazakhstan of 29.09.2017;

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 the single accumulation pension fund (further – retirement benefits) – payments of pension accruals to receivers of retirement benefits;

4) 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;

5) the receiver of retirement benefits (further – the receiver) – the physical person having the right to retirement benefits from the single accumulation pension fund.

3. Retirement benefits are performed:

1)    No. 988 is not valid from January 1, 2018 according to the Order of the Government of the Republic of Kazakhstan of 28.11.2016

2) monthly according to the established schedule in case of approach of the conditions provided by subitems 1) and 3) of Item 1 of Article 31, subitems 2) and 3) of Item 1 of article 32 of the Law.

The size of monthly retirement benefit is determined as one twelfth annual amounts of retirement benefits, estimated according to the Technique of implementation of calculation of the size of retirement benefits.

At the same time payment of the estimated size of monthly retirement benefit is performed in the amount of at least 54 percent from the subsistence minimum established for the corresponding financial year by the law on the republican budget.

If the amount of pension accruals for date of the address does not exceed the twelvefold size of minimum pension established by the law on the republican budget for the corresponding financial year, this amount is paid to the receiver from ENPF one-timely.

If the remaining balance of pension accruals on the individual retirement account after implementation of the next monthly payment constitutes the amount less than 54 percent from the subsistence minimum established for the corresponding financial year by the law on the republican budget, this remaining balance is paid together with the amount of the next payment.

3) one-timely in the cases provided by the subitem 4) of Item 1, Item 2 of Article 31, the subitem 4) of Item 1, Item 2 of article 32 of the Law;

4) by transfer of pension savings in insurance company based on the agreement of retirement annuity in the cases provided by the subitem 2) of Item 1 of Article 31, the subitem 1) of Item 1 of article 32 of the Law.

Chapter 2. Procedure of retirement benefits 

In cases of achievement of retirement age, establishment of disability of the first and second groups it is termless

4. For the purpose of receipt of retirement benefits from ENPF the receiver in case of approach of the conditions provided:

1) the subitem 1) of Item 1 of Article 31, the subitem 2) of Item 1 of article 32 of the Law, The Government for Citizens state corporation (further - the state corporation) with submission of the identity document, and also data on the bank account files petition in non-commercial joint-stock company ";

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