ISSUES OF REDUCING THE RETIREMENT AGE OF KAZAKHSTANIS

Abstract

The article considers the issues of reducing the retirement age in the country, based on a
comparative analysis with other countries. The author in this article drew attention to the proposals that
justify the ineffectiveness of a phased increase in the retirement age for the population. Emphasizing its
advantages for the state, firstly, to guarantee the safety and growth of pension savings by transferring
pension contributions and replenishing the accounts of pension funds; secondly, to prevent an increase in
the state budget deficit that is not related to state budget expenditures. At the same time, the Law of the
Republic of Kazakhstan" On Pension Provision in the Republic of Kazakhstan " provides for the grounds for
preferential retirement of citizens, but these norms do not cover all categories of the population. In order to
eliminate inequality between citizens, a chart has been developed that determines the retirement age of men
and women in different countries. The article describes the inefficiency of the pension system adopted as a
result of the pension reform of 1997.
The article considers a comparative analysis of the retirement age with European countries, the
People's Republic of China and neighboring countries, including in such countries as Russia, Uzbekistan,
Tajikistan, Kyrgyzstan, Turkmenistan, and also offers proposals that provide for the conditions for reducing
the retirement age.
Key words: pension, pensioners, retirement age, law, pension system, pension provision.