Kelimbetov: Pension savings of Kazakhstan citizens must be consolidated in Single National Pension Fund

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ASTANA. February 6. KAZINFORM All pension savings of the citizens of Kazakhstan should be consolidated in the Single National Pension Fund by July 1, 2013, Deputy Prime Minister Kairat Kelimbetov announced speaking about the details of establishing a single pension fund, the press service of the Government said.

Kelimbetov said that as part of the President's instructions, given at the enlarged meeting of the Government of Kazakhstan on January 23, 2013, on the transfer of all individual pension accounts of contributors (recipients) of the State National Pension Fund to the single pension fund it is proposed to establish a Single National Pension Fund on the basis of the State National Pension Fund, 100% of which is now owned by the National Bank.

Owner of the Single National Pension Fund will be the Government of Kazakhstan.

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