State social insurance fund

The State Social Insurance Fund is one the participants of the obligatory social insurance system. The Fund was established pursuant to the Resolution of the Government of the Republic of Kazakhstan No. 237 of February 27, 2004, in the form of joint-stock company with 100% participation of the state in its authorized capital stock. According to that Resolution, the rights of possession and use of the state-operated holding of shares of the Fund were transferred to the Ministry of Trade and Social Protection of the People of the Republic of Kazakhstan. The Fund is a non-commercial organization.

The mission of the Fund is to implement the obligatory social insurance system in the Republic of Kazakhstan.

The principal subjects of activities of the Fund are the following:

accumulation of social assignments opportune transfer of payments to the “State Center for Pension Payments” RSPE (further “Center”) in order to effect social payments to recipients in case of onset of social risk events; allocation of temporary available funds to financial instruments according to the schedule established by the Government of the Republic of Kazakhstan via the National Bank of the Republic of Kazakhstan; ensuring of conducting of annual audit. In accordance with item 1 of Article 30 of the Law of the Republic of Kazakhstan “About Obligatory Social Insurance” of 25.04.2003 No. 405-II (further “the Law”), the Fund carries out investment activities by means of allocation of the Fund’s assets to the financial instruments via the National Bank of the Republic of Kazakhstan on the basis of the Contract to be signed between the Fund and the National Bank of the Republic of Kazakhstan. The internal funds of the Fund include the authorized capital stock and the commission fee collected from the assets

The State Social Insurance Fund is one the participants of the obligatory social insurance system. The Fund was established pursuant to the Resolution of the Government of the Republic of Kazakhstan No. 237 of February 27, 2004, in the form of joint-stock company with 100% participation of the state in its authorized capital stock. According to that Resolution, the rights of possession and use of the state-operated holding of shares of the Fund were transferred to the Ministry of Trade and Social Protection of the People of the Republic of Kazakhstan. The Fund is a non-commercial organization.

The mission of the Fund is to implement the obligatory social insurance system in the Republic of Kazakhstan.

The principal subjects of activities of the Fund are the following:

accumulation of social assignments opportune transfer of payments to the “State Center for Pension Payments” RSPE (further “Center”) in order to effect social payments to recipients in case of onset of social risk events; allocation of temporary available funds to financial instruments according to the schedule established by the Government of the Republic of Kazakhstan via the National Bank of the Republic of Kazakhstan; ensuring of conducting of annual audit. In accordance with item 1 of Article 30 of the Law of the Republic of Kazakhstan “About Obligatory Social Insurance” of 25.04.2003 No. 405-II (further “the Law”), the Fund carries out investment activities by means of allocation of the Fund’s assets to the financial instruments via the National Bank of the Republic of Kazakhstan on the basis of the Contract to be signed between the Fund and the National Bank of the Republic of Kazakhstan. The internal funds of the Fund include the authorized capital stock and the commission fee collected from the assets

Addressees of social payments
Disablement In addition to receipt of governmental hardship allowances you have the right to social payments due to disablement when the Medical-social examination established in respect of you the degree of disablement. The size of the social payment in case of disablement depends on average monthly wages, degree of disablement and the standing of participation in the obligatory social insurance system.
Loss of supporter of the family In addition to receipt of governmental hardship allowances, social payments in case of loss of supporter of the family may be assigned to family members of a deceased person (declared by the court to be missing), who were dependents on such person for support. The size of social payment in case of loss of supporter of the family depends on average monthly wages, number of dependents and the standing of participation in the obligatory social insurance system.
Loss of job In addition to employment assistance, vocational training, provision of public works at the expense of the local budget, you have the right to receipt of social payments in case of loss of job, when social assignments were effected in respect of you during at least 6 months, and you are officially registered as unemployed person. The size of social payment in case of loss of job depends on average monthly wages and the standing of participation in the obligatory social insurance system.
Pregnancy and childbirth Paid as a lump-sum and is assigned at the rate of average monthly income of a woman that was formed during the last twelve months. In case of normal childbirth the average monthly income is multiplied by factor of 4.2, in case of complicated childbirth and birth of two and more children by factor of 4.7. For women residing within the territories exposed to after-effects of nuclear tests the factors of 5.7 and 6.2. are applied. In case of adoption of a newborn child the factor is 1.9.
Taking care of a child. Paid every month and is assigned at the rate of forty percent from the average monthly income of a woman during the last 24 months. At that, the maximum amount of social payment cannot exceed forty percent from the tenfold amount of the minimum wage, and the minimum amount of social payment cannot be assigned in the amount less than the amount of the state social allowance for taking care of a child.