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Uzbekistan proposes raising pension age to 63 for men by 2039

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Uzbekistan proposes raising pension age to 63 for men by 2039

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Uzbekistan's Ministry of Economy and Finance has published a draft pension reform for public discussion. The proposal would raise the retirement age gradually from 2028, reaching 63 for men and 58 for women by 2039. The draft also extends the salary period used to calculate pensions from five to twenty years.

Key Facts

  • The draft proposes raising the pension age by three months each year starting January 1, 2028, reaching 63 for men and 58 for women by 2039.
  • From January 1, 2027, the five-year salary period used for pension calculation will increase by one year annually until it reaches twenty years.
  • The minimum work experience for an old-age pension will rise from seven years to fifteen years by 2034.
  • Pension Fund head Murodbek Otajonov said average life expectancy in Uzbekistan rose from 67.3 years in 1993 to 75.4 years in 2025.

Pension Age Increase

The Ministry of Economy and Finance submitted the draft pension reform for public discussion. The retirement age would rise by three months every year starting January 1, 2028. By 2039, men would retire at 63 and women at 58. Pension Fund head Murodbek Otajonov linked the increase to longer life expectancy.

Salary Calculation Changes

From January 1, 2027, the salary period used to calculate pensions will expand from five years to twenty years, increasing by one year annually. The lowest-earning 10 percent of a citizen's salary history would be excluded from the pension calculation. The minimum work experience for an old-age pension will rise from seven years to fifteen years by 2034. Citizens without the minimum work experience can still receive an old-age benefit five years after the standard pension age.

Funded Pension Incentives

From January 1, 2027, citizens earning less than 15 times the pension calculation base can voluntarily contribute 5 percent of their salary to a funded pension account. The state budget will add up to 50 percent of the contributed amount. For salaries above 15 times the base, 1 percent will be transferred from social tax to the funded account, rising to 2 percent in 2033 and 3 percent in 2040. From January 1, 2030, citizens may use funded pension savings for treatment of serious illness or as a mortgage down payment.

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