Kazakhstanis will be able to transfer all pension savings to private management

Kazakhstani citizens will be able to transfer up to 100% of their accumulated pension savings to private management. The Committee for Regulation and Control in the Sphere of Social Protection of the Population of the Ministry of Labour of Kazakhstan announced this.

Depositors will choose the management company and a suitable investment strategy themselves. Under private management, the state continues to guarantee the safety of pension contributions actually paid in. Investment risk, which a person takes on voluntarily, is borne by the depositor.

The specific conditions for transferring savings and the maximum amount of guarantees are set by current pension legislation. Before choosing a management company, citizens are advised to study its investment strategy and possible risks.