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Privatization of pension funds in 2004
16:03 24.12.2003
text: "Kazakhstan Today" views: [50] Related articlesHSBK pension assets as of 1/06/04 totalled in KZT 100 billion Negative profitability of pension assets in 2003 Within 10 months pension savings grown by 55.5 billion tenge The government of RK will make a decision about privatization of State Pension Accumulation Fund with assistance of international financial institutions in the first quarter of 2004. It was announced on December, 23, by the prime minister of RK Alexander Pavlov at briefing in Astana, correspondent KZ-today informs. The pension assets of SPAF made 87.7 billion tenge with the number of depositors making 2,3 million in November, 2003. 16 State Pension Accumulation Funds were functioning in RK in November, with the number of depositors making more than 6 million and the pension assets reaching 349 billion tenge. |
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