Employee Benefits in Kazakhstan

Published: Feb, 2015 | Pages: 50 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis

Kazakhstan's social security system comprises the social insurance system and the 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 are the most important organizations responsible for the management and supervision of social security benefits. Both the state and private benefits markets in Kazakhstan are undergoing transformation, and are expected to improve in the near future as the government is aiming to diversify its economy.


Summary
The report provides in-depth industry analysis, information and insights into employee benefits in Kazakhstan, including:

 An overview of state and compulsory benefits in Kazakhstan

 Detailed information about private benefits in Kazakhstan

 Insights into various central institutions responsible for the administration of the different branches of social security 

 The regulatory framework of employee benefits in Kazakhstan

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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, leaves and public holidays, unemployment and private benefits

 It highlights the economic and regulatory situations relating to employee benefits in Kazakhstan

Reason To Buy
 Make strategic decisions using in-depth information related to employee benefits in Kazakhstan

 Assess Kazakhstan's employee benefits market, including state and compulsory benefits and private benefits

 Gain insights into the key employee benefit schemes offered by private employers in Kazakhstan

 Gain insights into key organizations governing Kazakhstan's employee benefits, and their impact on companies 

Key Highlights
 The Kazakhstani social security system covers a large proportion of the population, and offers a wide range of social benefits and allowances to its people. The social assistance system covers Kazakhstani residents whose monthly income is below the poverty line, and is fully financed by the state

 Private benefits are usually paid in the form of annuities. Individuals who don't have sufficient funds to receive pensions will be paid benefits in the form of lump sum amount or periodic payments for up to five years.

 Table of Contents
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
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Employee and employer contributions
6.1.9 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 Taxation
6.3 Long-Term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Employee and employer contributions
6.3.6 Taxation
6.4 Short-Term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contributions
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Typical employer practice
6.5.5 Employee and employer contributions
6.6 Workmen's Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contributions
6.6.6 Taxation
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contributions
6.8.6 Taxation
6.9 Leaves and Public Holidays
6.9.1 Introduction
6.1 Unemployment
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment options
6.10.5 Employee and employer contributions
6.10.6 Taxation
7 Private Benefits
7.1 Medical Benefits
7.2 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP split by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-KZT
8.1.8 Labor force
8.1.9 Unemployment rate
8.1.10 Household consumption expenditure
8.2 Demographics
8.2.1 Total population
8.2.2 Urban and rural populations
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Definitions 
Table 2: Kazakhstan - Country Statistics 
Table 3: Kazakhstan - Social Security Contribution Rates 
Table 4: Kazakhstan Death in Service Benefit - Number of Survivors Rate 
Table 5: Kazakhstan Death in Service Benefit - Covered Period Rate 
Table 6: Kazakhstan Long-Term Disability Benefit - Loss of Working Capacity Rate 
Table 7: Kazakhstan Long-Term Disability Benefit - Covered Period Rate 
Table 8: Kazakhstan Family Benefits - State Allowances 
Table 9: Kazakhstan Family Benefits - Lump sum State Allowances Paid for Delivery 
Table 10: Kazakhstan - Public Holidays 
Table 11: Kazakhstan Unemployment Benefit - Covered Period Rate