The proposal, prepared by the Ministry of Economy and Finance, would financially incentivize people who continue working after reaching retirement age and pay social tax on higher incomes.
If approved, the new rules would take effect on April 1, 2028.
Under the draft, the maximum salary taken into account when calculating a first-time pension would be raised from 12 times the pension calculation base amount to 13 times the base amount.
For those who delay retirement by six months, the ceiling would rise to 14 times the pension calculation base amount, while those who postpone retirement by 12 months would have a ceiling of 15 times the base amount.
The pension calculation base amount is currently UZS 504,000, effective from July 1, 2026. Under the current rules, earnings above 12 times that amount, or UZS 6.048 million, are not taken into account when calculating a pension.
The proposed changes would raise the standard ceiling to UZS 6.552 million at current values. If retirement is delayed by six months, the salary considered for pension calculations could reach UZS 7.056 million, while a 12-month delay would raise the ceiling to UZS 7.56 million.
As a result, people whose salaries exceed the current calculation ceiling could receive up to UZS 277,200 more per month, or 8% more, if they delay retirement by six months. A 12-month delay could increase the monthly payment by up to UZS 554,400, or 15%.
The figures are based on current values and would apply under the proposed system if the draft is adopted.
