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Kazakhstan Pension System Overhaul: Key Changes for Citizens

National Bank official outlines reforms to pension system, capital market development, and National Fund for Children program.

**ASTANA, Kazakhstan** — Kazakhstan's pension system is undergoing significant reforms aimed at adapting to demographic shifts and improving retirement security for citizens, according to a senior National Bank official. Erulan Zhamaubaev, first deputy chairman of the National Bank of Kazakhstan and chairman of the board of the State Social Insurance Fund (ENPF), outlined the changes in an interview with *Nur.kz*.

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