MARCH 4 2016, ALMATY (The Conway Bulletin) — Pensioners in Kazakhstan are giving up retirement and taking jobs to help them through a sharp economic downturn which has decimated the value of their tenge savings and their pension payments.
The trend is a major blow to the government ahead of parliamentary elections later this month. It had said that it will be able to look after all Kazakhs during the economic downturn.
But official data, suggested that for many pensioners in Kazakhstan, the downturn has been so heavy that they have had to return to work.
The size of the workforce aged over 65 in Kazakhstan, the usual retirement age, doubled in 2015, the ranking.kz website said quoting data from the state’s statistics centre.
In Almaty, a Conway Bulletin correspondent spoke to several elderly Kazakhs who had picked up a new job or had never quit work.
Nina Lozovaya, 81, was a chemistry and biology school teacher. She carried on working until she was 78. Now, though, her state teacher’s pension is so small that she was selling her clothes and other items on the street to earn money for medicine.