In Russia, not so long ago, pension reform thundered. The retirement age has increased, both for men and women. Changes in legislation made a lot of noise in society and the Russian media space. In this regard, the main features of pension systems in neighboring countries should be considered. This article will detail the pensions in Uzbekistan.
Payment
Uzbekistan is officially considered a socially oriented state. As in any other civilized country, the Uzbek state provides an individual approach to pension payments. In recent years, the authorities have made several adjustments to the indicators of the pension industry. Moreover, all innovations can be called socially oriented. In fact, they were carried out in the interests of their own citizens.
As of 2019, men who have reached the age of 60 years have the opportunity to receive a pension in the Republic of Uzbekistan. For a woman, this age is slightly less - 55 years. The presence of seniority here is a rather important factor. The minimum working experience for men is 25 years. Pensions for women working in Uzbekistan are paid only if they have 20 years of experience.
Pension calculation
The formation of a pension in Uzbekistan takes place in several difficult stages. The key role here is played by seniority. In fact, it is on this basis that the calculation of accumulations takes place. Initially, this includes any type of activity in which an Uzbek citizen is able to officially acquire state social insurance. Moreover, the type of work itself does not matter.
An important point: compliance with payment conditions is checked by specialists in the state pension fund. If any violations are discovered regarding the calculation of pension payments, accruals will be terminated. They will resume only by the time state services complete their investigation.
What is credited to the seniority?
Pensions in Uzbekistan are formed on the basis of various occupations and types of activities carried out by citizens. A complete list of them should be highlighted here:
- Military service. This also includes paramilitary security activities.
- The time periods during which care was taken for a person with a disability, an elderly citizen or a person who requires special care.
- Education in higher educational institutions both in the Republic and beyond. However, this refers only to full-time education.
So, the length of service is defined. For the further formation of a pension in Uzbekistan, a definition of profit for calculation is required. It takes into account the level of wages, as well as the amount of pension income today.
The next step is to form a personal coefficient. It is allowed to choose any 6 months for the last 10 years. The social service at the same time calculates the coefficient for the specified time period.
The final stage for calculating pensions in Uzbekistan is the collection of documents. Employees of the state pension fund are preparing all the required papers. If any document is missing, employees can take measures to urgently demand it. Persons interested in the speedy transfer of documents for calculating pensions are representatives of the Pension Fund. Moreover, the applicant himself is among the interested parties.
Applying for a pension
It is important to understand: the sooner a citizen applies to the state pension fund, the earlier the procedure for calculating all available payments will be launched. Otherwise, the period during which the potential recipient of the pension delayed the circulation may negatively affect the determination of the final amount.
For the acquisition of payments that are relied upon when the age established by the Law is reached, it is required to send an appeal to the FIU at the place of residence. Moreover, this is required to be done no later than 3 months later. Officially, the starting point is the day when a citizen submitted an application and provided all the necessary documentation.
Minimum and average pension in Uzbekistan
The latest adjustments to the Uzbek pension legislation were made in the fall of 2016. Moreover, they were introduced directly by the head of state, that is, the president of the Republic of Uzbekistan. According to the adopted amendments, the minimum civil pension in Uzbekistan, which is accrued by age, is 292,940 soums. Compared to 2015, this figure increased by 15%. What is the pension in Uzbekistan if it is converted into Russian currency? The above number is 2,354 Russian rubles.
The average pension in Uzbekistan is 352 152 Uzbek soums. Local experts in the field of economics and finance note that most often the level of accruals is influenced by the place of residence and work of the citizen. For example, a person who has worked all his life in an industrial area far from the center of the region is unlikely to be able to count on a high passive income for old age. The industrial sectors of Uzbekistan, in principle, are poorly developed. It’s unlikely that anyone here can provide themselves with a well-paid job. Moreover, the inability to make high profits is the basis of the calculation of wages for calculation, the indicators of which will simply be minimal.
Funded pension
All citizens of the Republic of Uzbekistan have the right to receive payments that have been accumulatively generated. The state here acts as a kind of guarantee that all the finances that a person managed to accumulate during the period of work on his individual account will soon be saved and paid.
The law provides for two categories of citizens subject to receiving accumulative pensions in Uzbekistan. These are persons participating in the funded system on a voluntary basis, as well as persons who must engage in such mandatory procedures.
The procedure for applying for funded pension
Either the citizen himself or his official employer sends an appeal to the branch of the People's Republican Bank. After confirmation of registration, a personal account will be opened for a person. He is assigned to him for life. Finance can come from different sources. So, here it should be highlighted:
- voluntary contributions;
- interest accrued on existing funds;
- mandatory contributions of a monthly nature;
- other sources of income, which are provided for by the norms of domestic law.
Control of funds in the personal accounts of the People’s Bank is carried out through such state institutions as the Central Bank and the Ministry of Finance.
Pension online portal
Here, a rather important point should be noted. In Uzbekistan, a single portal was launched, which allows you to implement several functions at once in online mode. A citizen is able to track income to his own personal account.
This service is absolutely free and available around the clock. When connected, you should register passport data and TIN. You must also have an electronic digital signature key. If you find problems using the service, you should contact the branch of the Pension Fund, which is engaged in the maintenance of a particular area.
Retirement benefits
Basic income allowances are provided only in a number of special situations. The following groups of persons should be distinguished here:
- disabled people of 1 group, or 2 groups, but only if there is no one to care for them;
- military invalids of 1 or 2 groups;
- direct participants and veterans of military events;
- persons who are close relatives of a soldier who died in the execution of a state order;
- persons who have serious services to the Republic of Uzbekistan;
- art staff and artists (in accordance with the additional norms of Uzbek legislation).
The maximum allowance is also provided for war invalids of the 1st group. In Uzbekistan, it makes up 150% of the minimum wage.
If a person works in a state organization, and at the same time he retains the right to receive one or several allowances at once, then the citizen’s employer will pay. If the person does not work at all, then the responsibility for regular payments falls on the pension fund of the Republic of Uzbekistan.
Pension transfer to the Russian Federation
In countries of the former Soviet Union, the practice of providing assistance, both state and public, is widespread. So, Uzbekistan is a member of the Agreement on the guarantee of civil rights of the CIS countries on the material support of pensioners. This, in turn, makes it possible to freely receive pension payments issued in an Asian country when moving to Russia.
After moving to the Russian Federation, citizens of Uzbekistan draw up all the necessary documentation and obtain citizenship of the country. Most often, it has a simplified form, but this does not affect retirement income. The main purpose for assigning payments is considered to be deregistration at the previous place of residence, moreover, confirmed in documentary form.
It turns out that to transfer payments you need to cancel the pension in Uzbekistan. How long will it take? It all depends on how seriously a person approaches the matter. In order for the issue to be resolved faster, it is required to send a statement to the FIU, in which a petition must be written on the termination of any kind of payments. After that, a person will receive a special certificate. You must contact him at the state notary's office for an official translation of the received documentation into Russian.
Payout increase
For a long time, there have been rumors among citizens of the Republic that there will soon be a long-awaited increase in pensions. In Uzbekistan, the situation is really improving. Especially if you consider it against the background of the fact that a few years ago this country was considered the poorest in the former CIS. For example, among the citizens of Russia, the question was seriously whether there is a pension in Uzbekistan at all.
Today the situation is much better. Experts predict pleasant changes in the economic sphere. The President of the Republic, Shavkat Mirziyoyev, has established himself as a reformer and manager, focusing on sociality. The banking system is flourishing in the Republic, credit cards are being introduced, and the institution of private property is developing. All this cannot but affect the development of the pension system. Already, residents of the Republic are able to make deposits and invest in their own future. The wiser the people of Uzbekistan behave, the happier their future will be. One way or another, but the prospect of developing a pension system and increasing payments has been outlined for a long time, and so far this process has not subsided.