Ministry Announces Savings Required for Retirement at Age 50

In 2025, payments from the "State Annuity Company" covered more than 35,000 people. According to the Ministry of Labor and Social Protection, Kazakhstanis received a total of over 2.7 billion tenge in insurance payments, reports Zakon.kz.

Last year saw the highest number of mandatory social medical insurance contracts recorded in the past seven years. A total of 3,700 agreements were concluded, providing protection for more than 257,000 people.

Payments are distributed across the following areas:

• Compensation for medical expenses related to workplace injuries.
• Annuities for individuals with disabilities resulting from industrial accidents.
• Benefits for the families of deceased workers.
• Early pensions for those working in hazardous conditions.
• Coverage of funeral expenses for victims of workplace accidents.

A key feature of a pension annuity is the guaranteed lifelong payment of a pension, regardless of the total amount of transferred savings. To enter into such a contract, a specific minimum balance in pension savings is required. Generally, men can begin receiving payments at age 55, and women at age 53.

However, Kazakhstanis for whom mandatory professional pension contributions (MPPC) have been paid for at least five years can start receiving payments as early as age 50.

Required Savings Thresholds:

• Men: A minimum of 10.7 million tenge.
• Women: A minimum of 14 million tenge.
• If a five-year history of special professional contributions exists, the threshold drops to 8.7 million tenge for men and 11.7 million tenge for women.