Saturday, March 16, 2019

Kazakh national social insurance fund accumulates $3.7 billion, envisions changes

As of January, the National Social Insurance Fund has accumulated 1.4 trillion tenge (US$3.7 billion) and is reaching 6.126 million citizens, or 70.3 percent of the country’s working population, said Vice Minister of Labour and Social Protection Svetlana Zhakupova at the recent discussion by the Mazhilis (lower house of Parliament) of the mandatory social insurance bill. The conversation gathered representatives of non-governmental organisations, the Atamеken National Chamber of Entrepreneurs, National Bank and government. “The goal of the bill is to strengthen the legal, economic and organisational foundation of mandatory social insurance in Kazakhstan in several areas, such as strengthening the link between one’s duration in the system of mandatory social insurance... Read More