BUSINESS | 09:58 / 02.05.2024
2066
3 min read

Minimum pensions and benefits in Uzbekistan increased from May 1

Photo: Kun.uz

In Uzbekistan, from May 1, the minimum amounts of pensions and benefits have increased. A decree on this was signed by President Shavkat Mirziyoyev on April 30, the press service of the Pension Fund under the Ministry of Economy and Finance reported.

It should be recalled that on February 1, minimum pensions and benefits were already increased, but on April 30, the minimum consumer expenditure (MCE), which is used to determine the poverty line in the country, was increased by 4.3% – from 621 thousand to 648 thousand soums per month. Thus, this figure turned out to be higher than the amount of pensions and benefits, although according to the Constitution, the amount of pensions, benefits and other types of social assistance established by law cannot be lower than the officially established MCE.

In this regard, pensions and benefits have been increased to the level of the poverty line.

The minimum age pension for incomplete work experience, taking into account additional payments, will increase from 621 thousand to 648 thousand soums per month (+4.3%).

The minimum benefit for one disabled family member of a survivor’s benefit recipient has also been increased from 621 thousand to 648 thousand soums with a pension paid to each subsequent disabled family member in accordance with the current procedure.

As a result of the pension, 751 thousand old-age pensioners and 110 thousand recipients of survivor benefits will be brought to the MCE level. An additional 180 billion soums will be allocated from the Pension Fund to increase pensions, the report says.

The Pension Fund noted that pensioners will receive an increased amount starting in May.

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