Article 11. Competence of the Government of the Republic of Kazakhstan of the Social Code of the Republic of Kazakhstan

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Government of the Republic of Kazakhstan:

1) sets the maximum amount of the interest rate of the Fund's commission;

2) decides to increase the amount of social benefits in cases of disability and loss of breadwinner;

3) determines the list and limits of financial instruments for investing the Fund's assets;

4) sets standards and limits to ensure the financial stability of the Fund;

5) approves the list of financial instruments authorized for acquisition at the expense of pension assets of the unified accumulative pension fund held in trust by the National Bank of the Republic of Kazakhstan;

6) determines the procedure and terms for calculating, deducting (accruing) and transferring mandatory pension contributions, mandatory occupational pension contributions to the unified accumulative pension fund and collecting them;

7) determines the procedure and terms for calculating (accruing) and transferring the employer's mandatory pension contributions to the unified accumulative pension fund and collecting them;

8) approves the rules for determining the amount and making pension payments from the employer's mandatory pension contributions from the unified accumulative pension fund;

9) approves the rules for withdrawing and transferring to the budget the amounts of mandatory pension contributions additionally established for judges of the Constitutional Court of the Republic of Kazakhstan, judges, in case of dismissal of a judge from office for negative reasons;

10) approves the rules for pension payments formed from mandatory pension contributions, mandatory occupational pension contributions, lump-sum pension payments for the purpose of improving housing conditions and (or) paying for medical treatment formed from mandatory pension contributions from the unified accumulative pension fund, their return to the unified accumulative pension fund, the methodology for calculating the amount of pension payments, a methodology for determining the replacement coefficient of the recipient's average monthly income with pension payments, the methodology for determining the threshold of minimum sufficiency of pension savings;

11) approves the rules for the repayment of 50 percent of the amount of mandatory pension contributions transferred from budgetary funds before January 1, 2016 in favor of military personnel (except conscripts), employees of special state and law enforcement agencies, civil protection agencies, state paramedic service, as well as persons whose rights have special ranks, class ranks and wearing uniforms has been abolished since January 1, 2012;

12) approves the rules for maintaining benefits for long-service pension payments to persons whose medical positions have been reduced in the internal affairs bodies of the Republic of Kazakhstan since July 1, 2022 and January 1, 2023, who at the time of the reduction had at least twelve years and six months of continuous military service, service in special state and law enforcement agencies, civil protection agencies, the state courier service, provided they continue to work in medical organizations, located in pre-trial detention facilities and institutions of the penal (penitentiary) system;

13) approves the rules for the implementation of mandatory occupational pension contributions;

14) approves the rules for the implementation of state guarantees to recipients of pension payments for 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 taking into account the level of inflation;

15) makes decisions on the establishment, reorganization or liquidation of a single accumulative pension fund in accordance with the procedure provided for by the laws of the Republic of Kazakhstan;

16) approves the procedure for assessing the needs of persons with disabilities according to the classifier of technical auxiliary (compensatory) means, special means of transportation and services provided to persons with disabilities;

17) approves standard rules for the provision of social assistance, the establishment of its size and the definition of a list of certain categories of needy citizens.

The Social Code of the Republic of Kazakhstan dated April 20, 2023

President

Republic of Kazakhstan

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