May 2026
08May

Kazakhstan’s Population Is Aging Rapidly as Demographic Pressures Mount

Kazakhstan’s population is aging rapidly, with the number of elderly citizens growing significantly faster than the child population as birth rates continue to decline. According to a study by analysts at Energyprom.kz, the country’s aging index has been steadily rising. In 2021, Kazakhstan had 26.7 elderly people for every 100 children under the age of 15. By 2025, that figure had increased to 32.9. The data suggests Kazakhstan is gradually entering a demographic phase in which the proportion of elderly citizens is growing much faster...

May 8, 2026
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October 2018

04Oct

Kazakhstan: Pension plans darken a grim picture

The government appears eager to shed an onerous and unrewarding responsibility: managing its citizens’ pensions. Authorities in Kazakhstan are set once again to tinker with how pension funds are managed. And if social media and news website comment boards are any indication, people are livid. Since 2013, pension contributions have been held in an entity called the Single Accumulated Savings Fund, or ENPF in its Russian initials. The fund comprises 10 million accounts worth a total of 9 trillion tenge ($25...

October 4, 2018
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December 2017

26Dec

Kazakhstan may merge oil, pension funds: president

Kazakhstan may merge its $23 billion state pension fund with the $57 billion oil fund in order to streamline their management, President Nursultan Nazarbayev said on Monday. The oil-rich Central Asian nation hires foreigners to manage most of its oil fund assets and the addition of the pension fund could create more opportunities to expand. “Norway has good experience, they have merged their pension fund with their national (oil) fund, similar to the one we have,” Nazarbayev said on state television. Read...

December 26, 2017
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June 2017

15Jun

Pension Fund Problems in Kazakhstan

In April 2013, Kazakhstan’s parliament passed a bill creating a single pension fund (ENPF), with the objective of nationalizing the pension funds that were previously held at banks and other financial institutions. At the time, the objective was to safeguard pension assets, given the troubled period that banks in Kazakhstan had just experienced after the global financial crisis of 2007. The merger of the private pension funds proved to be a challenging feat, as the most prominent banks either held...

June 15, 2017
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