Pension system in the US: the lessons for Kazakhstan

Abstract

This paper overviews the experiences of the pension systems in Chile and U.S. It also overseen some problems occurred of the pension system and the ways of resolving them during the reforms in these countries. The paper also reviews current dilemmas of the pension system in Kazakhstan, and the modern ways in reforming them. There were analyzed different models of pension systems taking into account the World Bank recommendations. Moreover, potential threats to the pensions funds, and an impact of the\at threats on social and economic development of the country were considered as well. According to the conducted research, author suggests in order to resolve the problem with pension system it needs to formulate the integral national policy in area of pension funds of population, and to take steps toward stabilization of current situation.