How is the retirement pay calculated?

    Akimat of Atyrau region

    Question

    How is the retirement pay calculated?

    Answer

    In accordance with paragraph 2 of Art. 114 of the Labor Code of the Republic of Kazakhstan, the settlement period for calculating the average wage is twelve calendar months preceding the event associated with the payment of the corresponding payment (payment). For employees who have worked less than twelve calendar months, the average wage is determined by the actual hours worked.

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