Article 7-3. Obligations of the Unified Accumulative Pension Fund of the Law on the Rights of the Child in the Republic of Kazakhstan

Home / RLA / Article 7-3. Obligations of the Unified Accumulative Pension Fund of the Law on the Rights of the Child in the Republic of Kazakhstan

1. The Unified Accumulative Pension Fund is obliged to:

1) to open target savings accounts for accounting and crediting target savings in accordance with this Law;

2) to carry out accounting of target assets and target requirements, accounting and crediting target savings in target savings accounts, payments of target savings to the recipient of target savings from the target savings account to the accounts of authorized operators, accounting for returns of target savings in the manner determined by the Government of the Republic of Kazakhstan;

3) submit, without charge, through the Internet resource of the unified accumulative pension fund and (or) the web portal of the "electronic government" the following information about:

the sum of the target requirements to the participant of the target requirements or his legal representative;

the amount of target savings at the request of the recipient of target savings on any requested date from the date of opening of the target savings account, subject to the provisions provided for in Articles 7-7 of this Law;

4) to make payments of target savings in US dollars in order to improve housing conditions and (or) pay for education in accordance with the legislation of the Republic of Kazakhstan to the accounts of recipients of target savings opened with an authorized operator, as well as to the bank accounts of the heirs of deceased or declared deceased by a court decision of participants in target claims or recipients of target savings, opened with an authorized operator;

5) to interact with the authorized operator on issues of accounting, payment and return of target savings in accordance with the procedure determined by the Government of the Republic of Kazakhstan;

6) transfer the target savings of the recipient of target savings from target savings accounts that have not been used for ten years after the recipient reaches the age of eighteen to an individual retirement account to account for voluntary pension contributions.

The Law of the Republic of Kazakhstan dated August 8, 2002 No. 345.

This Law regulates relations arising in connection with the realization of the fundamental rights and legitimate interests of the child, guaranteed by the Constitution of the Republic of Kazakhstan, based on the principles of prioritizing the preparation of children for a full-fledged life in society, the development of socially significant and creative activity in them, the education of high moral qualities, patriotism and citizenship, the formation of national identity based on universal human values. values of the world civilization.

President

Republic of Kazakhstan

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