IMF recommends raising pension age — Uzbekistan’s Pension Fund says no decision made yet

The Pension Fund of Uzbekistan stated that proposals from international experts are being analyzed for their compatibility with local conditions, impact on living standards, and economic consequences.

Photo: Kun.uz

The International Monetary Fund (IMF) previously recommended reforming Uzbekistan’s current pension system over the medium term, specifically suggesting a gradual increase in the pension age.

The Pension Fund issued an official statement addressing the situation:

“No final decision has been made regarding raising the pension age in Uzbekistan as of today.

“Proposals from international experts on pension system reforms are currently being evaluated for their suitability to Uzbekistan’s conditions, their impact on the population’s living standards, and their economic implications.

“Any changes to the pension system, including matters related to the pension age, will undoubtedly be implemented gradually, following extensive public discussion and with consideration of public opinion and interests,” the Pension Fund’s statement reads.