Kazakhstan Statutory and Private Employee Benefits (including Social Security) – Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update
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The Kazakhstani social security system covers a large proportion of the population and offers a wide range of social benefits and allowances to its people. The Kazakhstan statutory and private employee benefits research report assesses employee benefits of the market, including state & compulsory benefits and private benefits. It also gives insights into key organizations governing the employee benefits market, and their impact on companies.
Country Overview
Kazakhstan’s estimated Nominal GDP stood at $171.08 billion in 2020. The country possesses a large agricultural sector, which includes livestock and grain. It also has enormous reserves of fossil fuel, and abundant supplies of minerals and metals such as uranium, copper, and zinc.
Employee Social Security Systems in Kazakhstan
Social security benefits are granted under systems such as the mandatory individual account, the social insurance system, and the social assistance system.
Mandatory individual account: Retirement benefits in Kazakhstan are granted under the mandatory individual account system that covers employees and self-employed persons. The benefits are financed by their contributions.
Social insurance system: The social insurance fund is fully funded by employers, and self-employed people are required to make their contributions. Death and disability pensions, unemployment benefits, and maternity benefits are granted under the social insurance system.
Social assistance system: The social assistance system covers Kazakhstani residents whose monthly income is below the poverty line and is fully financed by the state. Benefits such as death and disability pensions, family benefits, and workmen’s compensation benefits are granted under the social assistance system.
Main Institutions of the Social Security System in Kazakhstan
The major institutions that supervise and govern the Kazakhstani social security system are Kazakhstan Agency for Financial Market and Financial Organizations, The Ministry of Labor and Social Protection (MOLSP), the State Social Insurance Fund, Ministry of Health.
State and Compulsory Benefits in Kazakhstan
and unemployed residents, as well as their dependents. Compulsory benefits are provided to employees by their employers and are mandated by law. The benefits that form a part of the state and compulsory benefits in Kazakhstan are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity & paternity benefits, and other benefits.
Retirement Benefits: In Kazakhstan, retirement (old age) benefits are granted under mandatory individual accounts, solidarity pensions, and state basic pension schemes. The mandatory individual account system covers employees and self-employed residents of Kazakhstan, along with foreign citizens working and residing in Kazakhstan, without citizenship.
Death in Service: Deaths in service benefits are granted to the dependents of the deceased insured person under the mandatory individual account, social insurance, and social assistance systems. The social insurance system covers employees, self-employed individuals, and permanent residents of Kazakhstan, including individuals without Kazakh citizenship.
Long-term Disability Benefits: Long-term disability benefits are granted under the social insurance and social assistance systems. While the social insurance system covers employees, self-employed persons, and permanent residents of Kazakhstan, the social assistance system covers all the country’s residents, except those who are receiving a retirement pension.
Private Employee Benefits in Kazakhstan
The key employee benefit schemes offered by private employers in the country are retirement benefits, death benefits, medical benefits, disability benefits, accidental death & dismemberment benefits, and other benefits.
For more insights on Kazakhstan statutory and private employee benefits report, download a free report sample
Kazakhstan Statutory and Private Employee Benefits Report Overview
Nominal GDP (2020) | $171.08 billion |
Employee Social Security Benefits | Mandatory Individual Account, The Social Insurance System, and The Social Assistance System |
Main Institutions of Social Security System | Kazakhstan Agency for Financial Market and Financial Organizations, The Ministry of Labor and Social Protection (MOLSP), State Social Insurance Fund, Ministry of Health |
State and Compulsory Benefits | Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Workers’ Compensation Insurance, Maternity & Paternity Benefits, and Other Benefits |
Private Employee Benefits | Retirement Benefits, Death Benefits, Medical Benefits, Disability Benefits, Accidental Death & Dismemberment Benefits, and Other Benefits |
Scope
This report provides a detailed analysis of employee benefits in Kazakhstan –
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, family benefits, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Kazakhstan
Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, and their impact on companies
Table of Contents
Table
Figures
Frequently asked questions
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What is the nominal GDP of Kazakhstan?
Kazakhstan’s nominal GDP was estimated to be $171.08 billion in 2020.
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What are the types of employee social security benefits in Kazakhstan?
Social security benefits in Kazakhstan are granted under systems such as the mandatory individual account, the social insurance system, and the social assistance system.
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What are the major institutions that supervise and govern Kazakhstan’s social security system?
The major institutions that supervise and govern Kazakhstan’s social security system are Kazakhstan Agency for Financial Market and Financial Organizations, The Ministry of Labor and Social Protection (MOLSP), State Social Insurance Fund, Ministry of Health.
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What are the state and compulsory benefits given to employees in Kazakhstan?
The benefits that form a part of the state and compulsory benefits in Kazakhstan are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity & paternity benefits, and other benefits.
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What are the private employee benefit schemes in Kazakhstan?
The key employee benefit schemes offered by private employers in the country are retirement benefits, death benefits, medical benefits, disability benefits, accidental death & dismemberment benefits, and other benefits.
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