Advantages and Disadvantages of Early Withdrawal of Pension Savings: an Expert Assessment
Bekbossinova A.S. Oshanova K.Y. Khassenova K.K. Alpysbayeva A.K. Moldasheva A.B.
2022Institute of Economics Committee of Science MSHE RK
Economy: strategy and practice
2022#17Issue 3242 - 258 pp.
The purpose of this research is to study the positive and negative aspects of pension savings early withdrawal. A review of foreign experience and literature was conducted; the opinion of expert practitioners in economics, in particular, the financial sphere, was taken into account. Since the recent reforms carried out in the early withdrawal pension system have an impact on future pension payments, there is a need to study this issue. A qualitative research method was applied to determine the positive and negative aspects of the early withdrawal of pension savings using the QDA Miner Lite software. An analysis was carried out on the leading four indicators-factors, advantages and disadvantages, and government readiness. The international experience that has been analyzed shows that in any country, if contributors in their pension fund do not have enough savings to ensure an adequate level of replacement rate, then early withdrawal of funds is not allowed. Their further savings and investment are provided. The opinions of experts regarding the premature use of pension savings are divided. Suppose some believe this situation will lead to an imbalance in the pension system and insufficient pensions in the future. Others believe that it will improve the current well-being of the population. Experts also note that the efficiency of the UAPF will not improve in any way, and the effect on the economy and the population’s welfare will be indistinct and short-term. The results of the study can be used for further development of the pension system.
Development Strategy , Early Withdrawal , Experts , Pension Savings , Pension System
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University NARXOZ, 55 Zhandosov str, Almaty, Kazakhstan
KRSSL №54 named after I. V. Panfilov, 73 Zhibek-Zholy str, Almaty, Kazakhstan
L.N. Gumilyov, Eurasian National University, 2 K. Satbaeva str, Nur-Sultan, Kazakhstan
Kazakh University of Technology and Business, 37A Kayyma Mukhamedkhanov str, Nur-Sultan, Kazakhstan
Dulaty University, 7 Suleimenova, str, Taraz, Kazakhstan
University NARXOZ
KRSSL №54 named after I. V. Panfilov
L.N. Gumilyov
Kazakh University of Technology and Business
Dulaty University
10 лет помогаем публиковать статьи Международный издатель
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