Starting from October, a new system has been introduced for cash pension payments in Uzbekistan. This was reported by Zamin.uz.
According to the press service of the Pension Fund, citizens will now undergo biometric identification through Face ID to receive cash. After that, they confirm receipt of the money using an electronic signature.
This new procedure aims to ensure timely and full delivery of pensions. The new system helps prevent false reports and payments to incorrect individuals that occurred at “Xalq Bank”.
This prevents the waste of fund resources and makes the pension process more transparent. Additionally, there was previously a proposal to gradually increase the retirement age in the country.
According to the proposal, the retirement age is planned to be raised to 63 years for men and 58 years for women. Source: press service of the Pension Fund.
