What will happen to the pension savings of citizens after the amendments to the Social Code come into force? Is their safety guaranteed? How is she provided?

Article 217 of the Social Code stipulates that from January 1, 2027, "The State guarantees recipients of pension payments the safety of mandatory pension contributions, mandatory occupational pension contributions in the Unified Accumulative Pension Fund in the amount of actually paid mandatory pension contributions, mandatory occupational pension contributions."

The state guarantees the safety of pension assets by regulating the activities of the UAPF and private investment portfolio managers (IPMS), establishing investment requirements for both the National Bank of the Republic of Kazakhstan (NBRK) and IPMS, requirements for diversification and risk reduction in the placement of pension assets, and other regulatory standards.

Thus, the accumulative pension system and the pension provision of Kazakhstanis as a whole remain under the regulation, control and responsibility of the state.

Source : https://www.gov.kz/memleket/entities/social-abay/press/news/details/1295234?lang=ru