Kazakhstan projects average pension at 170,740 tenge in 2027

September 14, 2026 at 12:30 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakhstan's Ministry of Labor and Social Protection projects the average combined pension will reach 170,740 tenge in 2027, excluding the funded component. The ministry plans to raise pension payments by 8.5% from January 1, 2027, and increase the maximum basic pension from 118% to 120% of the subsistence minimum. The forecast comes as the Ministry of National Economy projects 2027 inflation at 7.5-9.5%.

Key Facts

The Ministry of Labor and Social Protection projects the average combined pension at 170,740 tenge in 2027, excluding the funded component from the Unified Accumulative Pension Fund.
Pension payments for age and length of service are planned to increase by 8.5% from January 1, 2027, according to the draft republican budget for 2027-2029.
The maximum basic pension is planned to rise from 118% to 120% of the subsistence minimum, which is projected at 55,173 tenge in 2027, up from 50,851 tenge in 2026.
As of August 1, 2026, the average combined pension was 197,446 tenge, including a solidarity pension of 103,389 tenge, a basic pension of 54,034 tenge, and a funded pension of 40,043 tenge.
The Ministry of National Economy forecasts 2027 inflation at 7.5-9.5%, and the pension indexation principle aims to exceed inflation by two percentage points.

Projected Pension Levels

The Ministry of Labor and Social Protection projects that in 2027 the average solidarity pension will reach 111,640 tenge and the average basic pension will reach 59,100 tenge. The combined average pension payment from the budget is therefore estimated at about 170,740 tenge, excluding the funded component from the Unified Accumulative Pension Fund. The maximum basic pension is planned to increase from 118% to 120% of the subsistence minimum, which is projected at 55,173 tenge in 2027, up from 50,851 tenge in 2026. The draft republican budget for 2027-2029 provides for an 8.5% increase in pension payments for age and length of service from January 1, 2027.

Indexation Rationale

The Ministry of National Economy forecasts 2027 inflation at 7.5-9.5%, and the pension indexation principle under the Concept for Further Modernization of the Pension System until 2030 provides for annual indexation exceeding inflation by two percentage points. According to the Budget Code, the republican budget is developed annually based on the socio-economic development forecast, which sets the inflation level at 7.5-9.5%. Payments from the Unified Accumulative Pension Fund are indexed annually by 5%. In 2022, pensions were indexed twice—on January 1 and April 1—with an additional 4% indexation after the inflation corridor was revised, resulting in an 11% annual increase.