The Social Fund explained why pensions are not increased in spring when electricity rates rise.

Сергей Мацера Society
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Representatives of the Social Fund explained why pension increases occur in the fall.

They noted that the fund's budget is formed annually, and after six months, a recalculation is made based on the contributions received.

Mukambetov emphasized: "When salaries increase, contributions also rise. Therefore, the semi-annual recalculation is based on data from the State Revenue Committee. We operate within the available resources."

Additionally, he noted that many express dissatisfaction regarding the differences in pensions, where some retirees receive high payments while others receive low ones, despite having the same status.

"Some citizens do not make any contributions, believing that the state owes them something. However, they forget that their pensions are formed from the contributions of other people. How do you imagine that? Money does not appear from nowhere! It comes from the contributions of other citizens. Of course, those who earn more contribute more, and those who earn less pay accordingly. This is reflected in the pension. One should not expect that the state owes you something. First and foremost, you should take care of your own pension. Therefore, young people should find out in advance whether social contributions are being paid at their future jobs. It is not wise to wait until the last moment before retirement," added the representative of the Social Fund.

Mukambetov noted that the Social Fund does not set salary levels or the minimum subsistence level.

He also clarified that when citizens retire, they do not receive all their savings at once: they are distributed over months based on the average life expectancy in the country.

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