Political party ADAL suggests eliminating compulsory pension contributions
The ADAL party pushes for pension contribution suspension until 2050, citing COVID-19 crisis recovery. According to Olzhas Ordabayev, a member of the party's political council, this move aims to tackle the crisis unleashed by the pandemic. He also proposes revisiting the living minimum wage, arguing it shouldn't fall below 60,000 tenge (currently 32,000 tenge). The party suggests raising the minimum wage to 60,000 tenge from the current 42,500 tenge, believing this move will offer substantial aid to the populace. "It's high time we eliminate working poverty in Kazakhstan," Olzhas Ordabayev stated.
During the party's seventh extraordinary congress, 20 parliamentary candidates were endorsed. The party list comprises public personalities, journalists, athletes, and entrepreneurs.
Background info: Pension contributions in Kazakhstan are usually regulated by national laws and are essential for post-retirement financial stability. The minimum wage is set by the government and is part of labor laws aimed at ensuring fair pay for workers. The living minimum, or subsistence minimum, is a measure of the minimum income required to cover basic needs such as food, shelter, and healthcare. For specific details on the ADAL party's stances on these matters, consult official ADAL party or news reports on Kazakh political affairs.
- The ADAL party's proposed policy-and-legislation includes suspending pension contributions until 2050 and increasing the general-news minimum wage to 60,000 tenge as part of their recovery plans and efforts to eliminate working poverty in Kazakhstan.
- During the recent seventh extraordinary congress, the ADAL party endorsed 20 parliamentary candidates who are public personalities, journalists, athletes, and entrepreneurs, indicating their involvement in broader areas of politics apart from pension and minimum wage policies.
