Article 44. Pension rules and investment declaration of the Voluntary Accumulative Pension Fund of the Social Code of the Republic of Kazakhstan
1. The pension rules of the voluntary funded pension fund include:
1) the procedure for changing and terminating pension contracts at the expense of voluntary pension contributions;
2) the procedure and conditions for pension contributions and payments;
3) responsibility for the obligations of the voluntary accumulative pension fund to depositors (recipients);
4) the procedure for informing about the state of pension savings;
5) providing information to depositors (recipients) about the shareholders of the voluntary accumulative pension fund and the custodian bank;
6) other features of legal relations between a voluntary accumulative pension fund and depositors (recipients).
2. The investment of pension assets at the expense of voluntary pension contributions is carried out by a voluntary accumulative pension fund independently in accordance with the regulatory legal act of the authorized body for regulation, control and supervision of the financial market and financial organizations and the investment declaration.
3. The pension rules and the investment declaration of the voluntary accumulative pension fund, as well as amendments and additions thereto, are approved by the governing body of the voluntary accumulative pension fund.
President
Republic of Kazakhstan
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