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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 24, 2015 No. 940

About approval of Rules of recalculation of the retirement benefits for long service appointed till January 1, 2016 in incomplete amount taking into account their bringing to complete amount

(as amended of the Order of the Government of the Republic of Kazakhstan of 18.11.2016 No. 706)

The government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of recalculation of the retirement benefits for long service appointed till January 1, 2016 in incomplete amount taking into account their bringing to complete amount.

2. This resolution becomes effective since January 1, 2016 and is subject to official publication.

Prime Minister of the Republic of Kazakhstan

K. Masimov

Approved by the Order of the Government of the Republic of Kazakhstan of November 24, 2015 No. 940

Rules of recalculation of the retirement benefits for long service appointed till January 1, 2016 in incomplete amount taking into account their bringing to complete amount

1. General provisions

1. These rules of recalculation of the retirement benefits for long service appointed till January 1, 2016 in incomplete amount (further - Rules) are developed according to Item 12 of article 73 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 for carrying out one-time recalculation of the sizes of the retirement benefits for long service appointed till January 1, 2016 in incomplete amount taking into account their bringing to complete amount.

2. The retirement benefits for long service (further - retirement benefits) appointed till January 1, 2016 in incomplete amount are recalculated taking into account their bringing to complete amount in case of return of 50 percent from the amount of compulsory pension contributions, budgetary funds transferred for the account.

3. In case of the conclusion till January 1, 2016 agreements of retirement annuity the military personnel (except the military personnel of conscription service), are abolished by the staff of special state and law enforcement agencies, the public courier service, and also persons which right to have special ranks, class ranks and to wear uniform since January 1, 2012, the amount of compulsory pension contributions created at the expense of budgetary funds, which remained on the individual retirement account is subject to return.

2. Procedure for recalculation of retirement benefits for long service

4. Recalculation of the sizes of retirement benefits is for long service performed to receivers of retirement benefits for long service in incomplete amount (further - receivers) from among the military personnel, the staff of special state and law enforcement agencies, the public courier service, and also persons whose rights to have special ranks, class ranks and to wear uniform are abolished since January 1, 2012 by the relevant authorized state bodies to destination retirement benefits for long service determined by the order of the Government of the Republic of Kazakhstan of December 31, 2013 No. 1500 "About approval of Rules of appointment and implementation of retirement benefits by the serviceman, to the staff of special state and law enforcement agencies, the public courier service, and also persons, which rights to have special ranks, class ranks also to wear uniform are abolished since January 1, 2012" (further - Rules of purpose of retirement benefits for long service).

5. The sizes of retirement benefits are recalculated according to article 65 of the Law taking into account length of service, working life, monetary pay of the receiver on the date of its dismissal from service (exception of lists of staff) according to the documents which are available in its pension case.

6. The recalculated sizes of retirement benefits increase taking into account indexation for the entire period of receipt of retirement benefits in incomplete amount till January 1, 2016, considering item 4 of article 4 of the Law.

7. The recalculated sizes of retirement benefits cannot be:

1) is lower than the size of retirement benefits according to pension case for January 1, 2016.

If the size of retirement benefits recalculated on the terms of these rules is lower than the size of retirement benefits since January 1, 2016, then the size of retirement benefits since January 1, 2016 remains;

2) above 109-fold monthly settlement indicator established for the corresponding financial year by the law on the republican budget.

8. Recalculation of the sizes of retirement benefits is performed since January 1, 2016 after obtaining from the Single accumulation pension fund of the certificate confirmation of write-off from the individual retirement account of 50 percent from the amount of compulsory pension contributions, budgetary funds transferred for the account till January 1, 2016 for benefit of the military personnel (except the military personnel of conscription service), the staff of special state, law enforcement agencies, the public courier service, and also persons which right to have special ranks, class ranks and to wear uniform are abolished since January 1, 2012 (further - the reference).

9. Authorized state bodies to destination of retirement benefits within seven working days from the date of receipt of the reference transfer to branches of The Government for Citizens State corporation the statement from pension case on change of the size of retirement benefits for long service since January 1, 2016 on forme-1-VS according to appendix 3 to Rules of purpose of retirement benefits for long service.

 

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