On August 11, SAPF was the first in the history of accumulative pension system to obtain a license for independent management of pension assets.
A network of representative offices of the Fund in the regions of Kazakhstan started to develop and rise.
First pension contribution in the history of the accumulative pension system of Kazakhstan was made.
SAPF used to operate within the ‘Default Fund’ mode: compulsory pension contributions had been transferred by employers to SAPF if employees failed to select a fund and sign a contract with any pension fund.
On May 12 Concept of the Kazakhstan pension reform approved by the Decree of the Government of the Republic of Kazakhstan which provided for establishing of CJSC State Accumulative Pension Fund was developed and adopted.
On June 20, the Law On Pension Provision in the Republic of Kazakhstan came into force.
On September 24, the Decree of the Government of the Republic of Kazakhstan On Establishment of the Closed Joint-Stock Company State Accumulative Pension Fund was adopted.