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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of December 19, 2007 No. 1243

About increase in the sizes of retirement benefits from the State center for pension payment since January 1, 2008

According to the Law of the Republic of Kazakhstan of June 20, 1997 "About provision of pensions in the Republic of Kazakhstan" the Government of the Republic of Kazakhstan DECIDES:

1. Since January 1, 2008 to perform increase in the sizes of retirement benefits from the State center for pension payment:

1) appointed till January 1, 2003, in the amount of the greatest of the following sizes:

depending on the data of working life and the average monthly salary estimated according to the order of the Government of the Republic of Kazakhstan of June 11, 2003 No. 564 "About increase in the sizes of retirement benefits from the State center for pension payment since June 1, 2003". At the same time the maximum size of the average monthly salary by types of economic activity accepted for calculation of the increased sizes of retirement benefits cannot exceed the twenty-fivefold monthly settlement indicator established by the Law of the Republic of Kazakhstan "About the republican budget for 2008";

on 9 (nine) from the size drawn interest retirement benefits;

2) appointed during the period from January 1, 2003 to January 1, 2008, in the amount of the greatest of the following sizes:

depending on the working life and the average monthly income provided for calculation of retirement benefits. At the same time the maximum size of the average monthly income accepted for calculation of the increased sizes of retirement benefits cannot exceed the twenty-fivefold monthly settlement indicator established by the Law of the Republic of Kazakhstan "About the republican budget for 2008";

on 9 (nine) from the size drawn interest retirement benefits;

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