Pensions and benefits increased in Kazakhstan

Pensions and benefits increased in Kazakhstan

06.01.2025 22:20:10 5594

Since January 1, 2025, the amounts of all types of state benefits and basic pension payments have been increased by 6.5% in accordance with the projected inflation rate determined by the National Bank of the Republic of Kazakhstan, and the solidarity pension by 8.5%, i.e. 2% ahead of inflation.
In addition, on behalf of the Head of State, starting in 2023, for five years, an annual phased increase in the minimum basic pension to 70% of the subsistence minimum, and the maximum to 120%, is being implemented.
Thus, starting from January 1, 2025, the minimum amount of the basic pension has been increased from 65% to 70% of the subsistence minimum, which is 32,360 tenge, and the maximum amount from 105% to 110% of the subsistence minimum, which is 50,851 tenge.
For example, a 69-year–old pensioner who retired in 2019 had a pension paid from the budget of 156,856 tenge in 2024, including a basic pension payment of 45,578 tenge and a joint pension of 111,278 tenge. Taking into account the increase from January 1, 2025, the total amount of pension for this pensioner increased to 171,588 tenge, including a basic pension of 50,851 tenge, a solidary pension of 120,737 tenge. It is important to note that these amounts do not include payments from the UAPF.
A few examples of an increase in government benefits from January 1, 2025:
- the allowance for the birth of 1, 2, 3 children increased from 140,296 to 149,416 tenge, for the birth of 4 or more children – from 232,596 to 247,716 tenge;
- the allowance for large families, the amount of which depends on the number of children, has increased for families with 4 children from 59,183 to 63,030 tenge, with 10 children – from 147,680 to 157,280 tenge;
- the allowance for persons with disabilities of group I increased from 95,496 to 101,702 tenge, group II – from 76,397 to 81,362 tenge, group III – from 52,089 to 55,474 tenge.
The amount of payments for loss of breadwinner and disability from the State Social Insurance Fund (hereinafter referred to as the State Social Insurance Fund) has also been increased by 6.5%. These payments are made to participants of the compulsory social insurance system in addition to state benefits from the budget.
The amount of payments is individual and depends on: the average monthly income from which social contributions were made to the State Social Insurance Fund over the past 2 years, disability coefficients, the number of dependents, length of service in the compulsory social insurance system and income replacement.
Source: Pensions and benefits increased in Kazakhstan

Source : https://www.gov.kz/memleket/entities/zhetysu-oblysy/press/news/details/913340