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Kazakhstan Pension Amendments Signed into Law

|Approved Changes|Kazakhstan
Kazakhstan

On 4 August 2015, Kazakhstan president Nursultan Nazarbayev signed into law a number of amendments to the country's pension system. The main amendment affecting companies is an increase in the employee pension contribution from 10% to 15% of gross salary, which must be withheld and remitted by the employer. The change applies from 1 January 2018.

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