Kazakhstan has a multi-level pension system with state-funded, mandatory and voluntary tiers.
Kazakhstan’s Unified Accumulative Pension Fund has highlighted the importance of regular pension contributions. The country’s system includes state-funded, mandatory and voluntary tiers.
The pension system plays an important role in ensuring people’s financial stability after they stop working.
Kazakhstan currently has a multi-level pension system. It includes basic and solidarity tiers, as well as mandatory and voluntary tiers.
The basic and solidarity tiers are funded by the state. The mandatory and voluntary tiers are supported by existing pension savings and investment income.
Translated from Russian using artificial intelligence. Source: Karaganda City Akimat, Kazakhstan
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