Starting September 7, Kazakhstan has introduced new rules allowing full transfer of pension savings. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
According to the new rules, depositors can now transfer their pension savings in full. Previously, only partial transfer was available.
The changes are related to amendments made to the legislation of the Republic of Kazakhstan. The new rules provide citizens with more freedom in managing pension funds.
Experts believe that this change will improve the efficiency of the pension system and increase financial literacy among the population.
It is worth recalling that earlier, transferring pension savings was possible only under certain conditions. Now the process has been simplified and is available to all depositors.
Details of the new rules and their application procedure can be obtained from official sources of the Republic of Kazakhstan.