Type of Pension
State pension - Kazakhstani legislation only recognizes a state pension system. All employers withhold 10% of employees' gross salary up to a threshold of KZT 4,250,000 (currently approximately USD 8,850) and transfer the contributions to the personal pension accounts of employees opened with a state-operated pension fund. After reaching pension age, employees receive a pension from their accounts opened in that fund. The employees are entitled to get the whole amount of their pension as a single payment or in monthly instalments.