Uzbekistan digitizes pension system, introduces inflation-based adjustments

Key updates to the regulatory framework focus on digitizing the pension assignment and payment processes, thereby reducing paperwork. Among the changes, paper certificates confirming pension assignments are being phased out, replaced by digital data through a dedicated information system. This move is expected to reduce the bureaucratic burden on citizens and improve efficiency.

Additionally, pensions will now be indexed to the Consumer Price Index (CPI) for goods and services, ensuring that pension amounts better align with living costs and inflation rates.

The reform also aligns with recent administrative changes affecting ministries and agencies, updating their titles and responsibilities to reflect the latest restructuring measures.

The updated regulations apply to several key documents, including the Procedure for the Assignment and Payment of State Pensions, the Procedure for Payments from Citizens' Personal Pension Accounts, and the regulations governing the off-budget Pension Fund under the Ministry of Economy and Finance.