ANNOUNCEMENT Kazakhstan's pension system has improved its position in the international Allianz rating Leading insurance company Allianz  has released a new edition of the Global Pension Report, containing an analysis of the pension systems of 71 countries using its own Allianz Pension Index (Index), according to which Kazakhstan took 26th position, ahead of Austria, Spain, Chile, Singapore, Hong Kong, China and many other countries (in 2023, Kazakhstan took 34th place out of 75 countries in the Index). The Allianz Pension Index (API) is designed to comprehensively assess the sustainability and adequacy of pension systems. It consists of three sub-indices and takes into account 40 parameters assessed on a scale from 1 to 7, where 1 means the best result. The API index of the Kazakhstan pension system was 3.5 points.According to the first sub-index, which assesses the pace of demographic change, public debt and general standard of living, Kazakhstan's score was 4.1 points (in 2023 - 3.5 points). This indicator is the highest in the UAE (2.3 points), Australia (2.6 points) and Israel (2.9 points).According to the second sub-index, which assesses the sustainability of the pension system, Kazakhstan scored 3.6 points (in 2023 - 3.6 points). The best results in this sub-index are demonstrated by Indonesia, Denmark and Bulgaria (with scores from 2.1 to 2.3), mainly due to the increase in the retirement age and the introduction of funded components in their pension systems. According to the third sub-index, which assesses the extent to which the pension system can provide an adequate (sufficient) standard of living in old age, the Kazakh pension system scored 3.2 points (in 2023 - 3.3 points). Denmark, the Netherlands and New Zealand are the leaders in this rating (with scores from 1.7 to 2.0), have strong funded components of the second and third pillars of the pension system.According to the Report, the average score for all pension systems analyzed was 3.7 points. The country with the best pension system according to Allianz, as in 2023, was Denmark with a score of 2.3 points, followed by the Netherlands and Sweden (2.6 points), then Japan, which displaced New Zealand and took fourth place in the index, scoring 2.7 points, New Zealand scored 2.8 points, Israel - 3 points, Australia, Great Britain, Norway and the USA - 3.2 points each. The lowest positions in the ranking are occupied by the pension systems of Morocco, India, Laos, Malaysia, Sri Lanka (from 4.5 to 5 points). In these countries, the most acute problems are low coverage of the population by the pension system, which is caused by the prevalence of informal employment. The report focuses on population ageing, noting that the latest UN projections show that the number of people aged 65 and over will nearly double over the next 25 years, from 857 million today to 1,578 million in 2050. Falling fertility rates are slowing the growth of the working-age population, and by mid-century there will be 26 people over 65 for every 100 people aged 15 to 64, compared with 16 today. Across the 71 countries analysed, representing 75% of the world’s population, fertility rates range from 0.7 children per woman in Hong Kong to 4.4 in Nigeria. These countries also represent the high and low ends of life expectancy, which averages 85.6 years in Hong Kong and 54.6 years in Nigeria. Dependency ratios (DRRs), which measure the number of people of retirement age per 100 people of working age, vary greatly across countries. In most industrialized countries, the overall DDR is a cause for concern, while in many developing countries, the rapid rate of ageing is a cause for concern. The countries with the fastest ageing rates are Hong Kong, South Korea, Taiwan and Saudi Arabia. However, in 2050, the top 20 “oldest” countries in the world will mostly be EU member states: Italy, Spain, Greece and Portugal will have DDRs above 60%. Nigeria, Kenya and Pakistan will have the youngest populations due to still high birth rates and relatively low life expectancy. Allianz experts emphasize that one way to mitigate the impact of demographic changes on the pension system is to supplement the state pension system with a funded element. The Report also notes that the main purpose of a pension system is to protect against the risks of longevity and poverty in old age, and to ensure a decent standard of living in old age. Therefore, when reforming or creating pension systems, policymakers should consider not only their long-term sustainability, but also their adequacy. If public pension systems are unable to provide a decent standard of living in old age, then additional tax-advantaged or state-subsidized pension products, occupational and private pension plans should be available. Countries that need less reform in terms of the adequacy of the pension system are Denmark, the Netherlands and New Zealand, where additional occupational savings plans and private pension provision are already a core element of the pension systems. The adequacy of pension systems is also determined by the income replacement ratio (IRR). The average gross IRR in public pension systems of the analyzed countries is 53%, with rates ranging from 8% in South Africa to 88% in Brazil. The IRR in Kazakhstan by the end of 2024 was 41%. However, the International Labor Organization (ILO) notes that due to pension reforms, the level of pension payments in some European countries threatens to fall below the recommended minimum level of 40-45% of earnings after 30 years of contributions, which confirms the urgent need to strengthen additional funded tiers of pension systems.The Allianz Report asks whether public pension systems are able to cope with demographic challenges in the context of declining birth rates and increasing life expectancy. A comprehensive analysis of pension systems in different countries concludes that systems financed on a pay-as-you-go basis, in which contributions from the working population are used to finance the pensions of current pensioners, cannot guarantee their long-term financial sustainability and a decent standard of living in old age with adequate pension benefits.The challenge is to find a balance between ensuring the sustainability and adequacy of pension systems and creating the necessary conditions for additional funding of pensions through the funded component. In addition, allowing older workers to continue working is also important to keep public pension systems in balance.The report therefore concludes that the “ideal” pension system is the right balance between a public (pay-as-you-go) pension system and a funded pension system. Countries that combine the two are best prepared to cope with demographic change and ensure the sustainability of the pension system and the adequacy of pension benefits in the long term. However, well-functioning labour markets are a prerequisite for the successful implementation of any pension reform, which means increasing the share of formal employment in emerging markets and adapting labour markets to the needs of an ageing workforce in industrialized countries.The Allianz Global Pension Report “Time to Move from Words to Action” fact sheet and the Allianz report on the results of the analysis of the world's pension systems in 2025 are available here: https://www.enpf.kz/ru/indicators/obzory-mezhdunarodnykh-ekspertov/mezhdunarodnye-reitingi UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).    Source : https://www.gov.kz/memleket/entities/abay-aksuat/press/news/details/959968?lang=kk

A festive event dedicated to the celebration of Nauryz was held at Military Unit 3656 of the National Guard of the Ministry of Internal Affairs of the Republic of Kazakhstan. Service members welcomed this special day with deep respect and reverence, as it symbolizes renewal, unity, and prosperity.One of the highlights of the celebration was the presentation of national traditions. Women of the older generation, wearing traditional headpieces, demonstrated and explained ancient Kazakh rituals, including Körisu (a respectful greeting and expression of good wishes), Tusa keser (the ceremony of cutting a child’s symbolic restraints, marking their first step toward independence), Besikke salu (placing a newborn into a cradle), and Betashar (the unveiling ceremony of a bride’s face).At the end of the event, one of the esteemed participants, Gulnar Apa, shared her impressions:"Today, I saw that our youth not only honor traditions but also strive to understand their deeper meaning. This brings joy and inspiration. We have passed down the wisdom of generations to our defenders of the homeland, wishing them strong health, courage, and unwavering loyalty to their duty. After all, they are the ones guarding the peace and security of our Motherland."These revived traditions, passed down through generations, reminded service members of the depth and centuries-old history of the Kazakh people. Press Service of the National Guard of the Ministry of Internal Affairs of the Republic of KazakhstanSource : https://www.gov.kz/memleket/entities/kvv/press/news/details/959945?lang=kk

Leading insurance company Allianz[1] has released a new edition of the Global Pension Report, containing an analysis of the pension systems of 71 countries using its own Allianz Pension Index (Index), according to which Kazakhstan took 26th position, ahead of Austria, Spain, Chile, Singapore, Hong Kong, China and many other countries (in 2023, Kazakhstan took 34th place out of 75 countries in the Index).The Allianz Pension Index (API) is designed to comprehensively assess the sustainability and adequacy of pension systems. It consists of three sub-indices and takes into account 40 parameters assessed on a scale from 1 to 7, where 1 means the best result. The API index of the Kazakhstan pension system was 3.5 points.According to the first sub-index, which assesses the pace of demographic change, public debt and general standard of living, Kazakhstan's score was 4.1 points (in 2023 - 3.5 points). This indicator is the highest in the UAE (2.3 points), Australia (2.6 points) and Israel (2.9 points).According to the second sub-index, which assesses the sustainability of the pension system, Kazakhstan scored 3.6 points (in 2023 - 3.6 points). The best results in this sub-index are demonstrated by Indonesia, Denmark and Bulgaria (with scores from 2.1 to 2.3), mainly due to the increase in the retirement age and the introduction of funded components in their pension systems.According to the third sub-index, which assesses the extent to which the pension system can provide an adequate (sufficient) standard of living in old age, the Kazakh pension system scored 3.2 points (in 2023 - 3.3 points). Denmark, the Netherlands and New Zealand are the leaders in this rating (with scores from 1.7 to 2.0), have strong funded components of the second and third pillars of the pension system.According to the Report, the average score for all pension systems analyzed was 3.7 points. The country with the best pension system according to Allianz, as in 2023, was Denmark with a score of 2.3 points, followed by the Netherlands and Sweden (2.6 points), then Japan, which displaced New Zealand and took fourth place in the index, scoring 2.7 points, New Zealand scored 2.8 points, Israel - 3 points, Australia, Great Britain, Norway and the USA - 3.2 points each.The lowest positions in the ranking are occupied by the pension systems of Morocco, India, Laos, Malaysia, Sri Lanka (from 4.5 to 5 points). In these countries, the most acute problems are low coverage of the population by the pension system, which is caused by the prevalence of informal employment.The report focuses on population ageing, noting that the latest UN projections show that the number of people aged 65 and over will nearly double over the next 25 years, from 857 million today to 1,578 million in 2050. Falling fertility rates are slowing the growth of the working-age population, and by mid-century there will be 26 people over 65 for every 100 people aged 15 to 64, compared with 16 today. Across the 71 countries analysed, representing 75% of the world’s population, fertility rates range from 0.7 children per woman in Hong Kong to 4.4 in Nigeria. These countries also represent the high and low ends of life expectancy, which averages 85.6 years in Hong Kong and 54.6 years in Nigeria. Dependency ratios (DRRs), which measure the number of people of retirement age per 100 people of working age, vary greatly across countries. In most industrialized countries, the overall DDR is a cause for concern, while in many developing countries, the rapid rate of ageing is a cause for concern. The countries with the fastest ageing rates are Hong Kong, South Korea, Taiwan and Saudi Arabia. However, in 2050, the top 20 “oldest” countries in the world will mostly be EU member states: Italy, Spain, Greece and Portugal will have DDRs above 60%. Nigeria, Kenya and Pakistan will have the youngest populations due to still high birth rates and relatively low life expectancy.Allianz experts emphasize that one way to mitigate the impact of demographic changes on the pension system is to supplement the state pension system with a funded element.The Report also notes that the main purpose of a pension system is to protect against the risks of longevity and poverty in old age, and to ensure a decent standard of living in old age. Therefore, when reforming or creating pension systems, policymakers should consider not only their long-term sustainability, but also their adequacy. If public pension systems are unable to provide a decent standard of living in old age, then additional tax-advantaged or state-subsidized pension products, occupational and private pension plans should be available.Countries that need less reform in terms of the adequacy of the pension system are Denmark, the Netherlands and New Zealand, where additional occupational savings plans and private pension provision are already a core element of the pension systems.The adequacy of pension systems is also determined by the income replacement ratio (IRR). The average gross IRR in public pension systems of the analyzed countries is 53%, with rates ranging from 8% in South Africa to 88% in Brazil. The IRR in Kazakhstan by the end of 2024 was 41%. However, the International Labor Organization (ILO) notes that due to pension reforms, the level of pension payments in some European countries threatens to fall below the recommended minimum level of 40-45% of earnings after 30 years of contributions, which confirms the urgent need to strengthen additional funded tiers of pension systems.The Allianz Report asks whether public pension systems are able to cope with demographic challenges in the context of declining birth rates and increasing life expectancy. A comprehensive analysis of pension systems in different countries concludes that systems financed on a pay-as-you-go basis, in which contributions from the working population are used to finance the pensions of current pensioners, cannot guarantee their long-term financial sustainability and a decent standard of living in old age with adequate pension benefits.The challenge is to find a balance between ensuring the sustainability and adequacy of pension systems and creating the necessary conditions for additional funding of pensions through the funded component. In addition, allowing older workers to continue working is also important to keep public pension systems in balance.The report therefore concludes that the “ideal” pension system is the right balance between a public (pay-as-you-go) pension system and a funded pension system. Countries that combine the two are best prepared to cope with demographic change and ensure the sustainability of the pension system and the adequacy of pension benefits in the long term. However, well-functioning labour markets are a prerequisite for the successful implementation of any pension reform, which means increasing the share of formal employment in emerging markets and adapting labour markets to the needs of an ageing workforce in industrialized countries.The Allianz Global Pension Report “Time to Move from Words to Action” fact sheet and the Allianz report on the results of the analysis of the world's pension systems in 2025 are available here:https://www.enpf.kz/ru/indicators/obzory-mezhdunarodnykh-ekspertov/mezhdunarodnye-reitingi  UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).Source : https://www.gov.kz/memleket/entities/abay-semey/press/news/details/959967?lang=kk

March 18 is the fifth day of Nauryznam.Kazakhstanis celebrate National Dress Day. Ulttyk kiim kuni is a day when everyone remembers their ancestors and customs passed down from generation to generation. National Dress Day is not only an opportunity to express your individuality through an outfit, but also a chance to maintain the unity and cultural diversity of Kazakhstan.Source : https://www.gov.kz/memleket/entities/upr-ump-kostanay/press/news/details/959926?lang=kk

17 марта 2025 года Департаментом юстиции Карагандинской области под председательством заместителя руководителя департамента Д. Дайрабаева проведен семинар с участием председателя Нотариальной палаты Карагандинской области, председателя Дисциплинарной комиссии и частных нотариусов на тему «Итоги работы за 2024 год и проблемные вопросы в сфере деятельности частных нотариусов». В работе семинара приняли участие 250 частных нотаруисов областиSource : https://www.gov.kz/memleket/entities/adilet-krg/press/news/details/959920?lang=kk