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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 Benefit

Publisher GlobalData
Published Aug 05, 2022
Length 42 Pages
SKU # GBDT17423927

Description

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

Summary

Kazakhstan’s social security system consists of the social insurance system and social assistance system. The 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 Agency for Financial Market and Financial Organizations, the Ministry of Labor and Social Protection (MOLSP), and the Ministry of Health is the most important organizations responsible for the management and supervision of social security benefits. Both the state and private benefits in Kazakhstan are transforming and are expected to improve soon as the government is aiming to diversify its economy.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Kazakhstan, including an overview of the state and compulsory benefits in Kazakhstan, detailed information about the private benefits in Kazakhstan, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Kazakhstan.

Key Highlights
  • The Kazakhstan Agency for Financial Market and Financial Organizations, Ministry of Labor and Social Protection (MOLSP), State Social Insurance Fund, and Ministry of Health are responsible for the functioning of the overall social security system.
  • A person’s national insurance contribution is determined based on their income.
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
  • In Kazakhstan, supplementary employer-sponsored private pension is not prevalent. However, the employer can make voluntary contributions to the State Accumulative Pension Fund (SAPF).
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

42 Pages
1. Executive Summary
2. Introduction
2.1 What is this Report about?
2.2 Definitions
3. Country Statistics
4. Overview of Employee Benefits in Kazakhstan
5. Regulations
6. State and Compulsory Benefits
6.1 Retirement Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.2 Death in Service
Introduction
Eligibility
Benefits
Payment options
Contribution
6.3 Long-Term Disability Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.4 Short-Term Sickness Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.5 Medical Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.6 Workers’ Compensation insurance
Introduction
Eligibility
Benefits
Payment options
Contribution
6.7 Maternity and Paternity Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.8 Other Benefits
Family Benefits
Unemployment benefits
Leaves and Holidays
7. Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental Death and Dismemberment Benefits
7.6 Other Benefits
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List of Tables
Table 1: Insurance Industry Definitions
Table 2: Kazakhstan - Country Statistics, 2020
Table 3: Kazakhstan - Social Security Contribution Rates 2022
Table 4: Kazakhstan - Death in Service Benefit Coefficient Rates 2022
Table 5: Kazakhstan - Death in Service Benefit Covered Period Coefficient Rates 2022
Table 6: Kazakhstan - Long-Term Disability Benefits Coefficient Rates 2022
Table 7: Kazakhstan - Long-Term Disability Benefits Covered Period Coefficient Rates 2022
Table 8: Kazakhstan - Unemployment Benefits Covered Period Coefficient Rate 2022
Table 9: Kazakhstan - Public Holidays, 2022
Table 10: Kazakhstan - Level of Loss of the Employee's Professional Working Capacity
List of Figures
Figure 1: Kazakhstan - Main Institutions of Social Security System

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