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Kazakhstan is looking for ways to increase future pensions through regular contributions from employees and employers. The Labour Ministry, the Unified Accumulative Pension Fund (UAPF) and experts are drawing up proposals and assessing their impact on pension payments. The Ministry of Labour and Social Protection reported on the work, according to Kursiv. The discussions cover future pensions as a whole: state payments and savings built up over a working life. (kursiv.media)
How officials hope to increase future pensions
One of the main questions is how to ensure that employees and employers make regular pension contributions. Participants are also discussing how to bring more people into the pension system. Both areas are being considered as proposals to increase future payments take shape. (kursiv.media)
The meeting addressed two related questions: whether future pensions will be adequate and whether the system can sustain payments over the long term. Specialists are therefore assessing what the decisions would mean for both individuals and the pension system. (kursiv.media)
Which parts of a pension are included in the calculations
Future pensions are being assessed with all their components in mind. The original announcement identifies state payments and the savings people build up over their working lives. The proposals are being evaluated with both components of retirement income taken into account. (kursiv.media)
Demographic changes, rising life expectancy and shifts in the labour market are also being considered as decisions are prepared. Participants are also studying international experience in developing pension systems. All these factors form part of the work on the proposals. (kursiv.media)
How the impact on pension payments will be assessed
Specialists are carrying out actuarial calculations. In simple terms, they are assessing how potential decisions would affect future pensions, citizens’ rights and the system’s financial sustainability. This is part of the work to prepare proposals for developing the system. (kursiv.media)
“Our task is to develop approaches to the pension system that will ensure its sustainability while also creating the conditions for citizens to receive adequate pensions in the future,” Labour Minister Askarbek Yertayev said. (kursiv.media)
Who is preparing the proposals on future pensions
The working meeting took place in Almaty. Participants included Labour Minister Askarbek Yertayev and UAPF Chairman Zhanat Kurmanov. Financial sector experts Bolat Zhamishev and Yelena Bakhmutova also joined the discussion. (kursiv.media)
An interagency group was set up on the president’s instructions to prepare the proposals. It is led by the labour minister. The Labour Ministry, UAPF, the State Social Insurance Fund and the expert community will continue the work. (kursiv.media)
How much pensions will rise and when changes can be expected
The original announcement gives no specific increase, new contribution rate or date for changes to payments. The work described is at the stage of discussing possible decisions and calculating their consequences. The source also provides no numerical forecast of an individual contributor’s future pension. (kursiv.media)
It is therefore impossible to calculate an increase in tenge or express it as a monthly amount based on this announcement. The information dated 24 October 2026 in the original source concerns the preparation of proposals and does not specify the size of any future increase. (kursiv.media)
In plain English
The Labour Ministry and UAPF are discussing how regular contributions from employees and employers could help increase future pensions. The next step is to continue preparing proposals, taking into account calculations of their impact on individuals and the system. (kursiv.media)
If you are planning your future budget, do not factor in a specific increase based on this news yet: the announcement gives no amount. Any further calculation will need to be based on the specific details of the proposals once they are published.
