Pension system reform is planned in Uzbekistan

A new comprehensive program is being developed to improve the state pension system in Uzbekistan. This was reported by Zamin.uz.

This program is based on foreign experiences and aims to increase the efficiency of the pension system. The 2026 state program, approved by the presidential decree, plans to reform the pension system.

The program envisages reviewing the current pension system, introducing mechanisms for capitalization of pension funds, and directing them towards long-term investments. Additionally, a project office will be established under the Ministry of Economy and Finance with the participation of international consultants.

By July 2026, a draft law will be prepared to ensure that the amount paid to pensioners after pension deductions is not less than the officially established minimum consumer expenses. This law will introduce amendments to the “Law on State Pension Provision for Citizens.”

It is planned that the monthly deduction amount will not exceed 50 percent of the pension, and the pension amount paid after the deduction will not be less than the minimum consumer expenses. Furthermore, a draft normative legal document will be developed to provide certain state services to the population and entrepreneurs without their application.

For example, pension funds accumulated by individuals who have reached retirement age will be provided without their application. Orphans and students deprived of parental care admitted to state higher education institutions, children from families registered in the Social Registry, and students with disabilities will be proactively provided with dormitory placements.

Moreover, an increase in the retirement age is also planned. According to Murodbek Otajonov, Executive Director of the Pension Fund under the Ministry of Economy and Finance, it is proposed to raise the retirement age from 60 to 63 for men and from 55 to 58 for women.

This process will be gradual, increasing by half a year each year.