As Spot previously reported, on September 15, the Ministry of Economy and Finance published a draft presidential decree on reforming the pension system. The public discussion of the draft will continue until September 30.
Starting in 2027, the period of earnings taken into account when calculating pensions will be increased by one year annually, from the current five years to 20 years. At the same time, the proposal calls for excluding the 10% period with the lowest income from the calculation.
The draft also provides for a gradual increase in the minimum length of service required to qualify for an old-age pension. It currently stands at seven years and is planned to reach 15 years by 2034, also increasing by one year each year.
Citizens who do not have the minimum required length of service would retain the right to receive an old-age allowance five years after reaching the standard retirement age: from 68 for men and 63 for women.
In addition, starting April 1, 2028, the proposal would increase the upper limit on salary taken into account when initially calculating a pension for those who continue working after reaching retirement age.
The current limit is 12 times the basic pension calculation amount, or 6.04 million soums. If a person retires six months later, the limit would increase to 14 times, or 7.05 million soums, while retiring 12 months later would raise it to 15 times, or 7.56 million soums.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
