Article 7-4. Participants in target requirements, target requirements and target savings The Law on the Rights of the Child in the Republic of Kazakhstan

Home / RLA / Article 7-4. Participants in target requirements, target requirements and target savings The Law on the Rights of the Child in the Republic of Kazakhstan

1. Only citizens of the Republic of Kazakhstan who have not reached the age of eighteen can participate in the target requirements.

2. The accrual of target requirements to participants of target requirements is carried out annually until they reach the age of eighteen, with the exception of cases provided for by this Law.

3. Target requirements and target savings are recorded in US dollars.

4. Target requirements are invested in financial instruments within the framework of investment activities for the management of the National Fund of the Republic of Kazakhstan until the participant reaches the age of eighteen by the participant of target requirements.

5. The opening of target savings accounts in the unified accumulative pension fund for accounting and crediting target savings to a target savings account is carried out in accordance with the procedure determined by the Government of the Republic of Kazakhstan.

6. Accruals of target claims are terminated in the event of death or entry into force of a court decision declaring a participant in target claims deceased.

7. Disbursements of target savings are credited to the bank accounts of recipients of target savings opened by them in US dollars from authorized operators in accordance with the procedure established by the legislation of the Republic of Kazakhstan.

8. The procedure for the formation and accounting of target requirements, target savings and payments of target savings, as well as accrual of target requirements is determined by the Government of the Republic of Kazakhstan.

9. The repayment of target savings payments to the target savings account of the recipient of target savings opened in the unified accumulative pension fund is carried out in US dollars.

At the same time, expenses related to conversion and banking services related to transfers (refunds) of target savings payments to the target savings account of the recipient of target savings opened in the unified accumulative pension fund are paid at the expense of the recipient of target savings.

The Law of the Republic of Kazakhstan dated August 8, 2002 No. 345.

This Law regulates relations arising in connection with the realization of the fundamental rights and legitimate interests of the child, guaranteed by the Constitution of the Republic of Kazakhstan, based on the principles of prioritizing the preparation of children for a full-fledged life in society, the development of socially significant and creative activity in them, the education of high moral qualities, patriotism and citizenship, the formation of national identity based on universal human values. values of the world civilization.

President

Republic of Kazakhstan

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