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Social Fund of Kyrgyzstan promises to increase size of minimum pension

The Social Fund of Kyrgyzstan plans to set the minimum pension in the amount of 3,170 soms. The head of the fund Baktiyar Aliyev announced at a meeting of the Committee on Social Policy of the Parliament.

If amendments to the Law on State Pension Social Insurance are adopted, the pension will increase from 70 to 260 percent. This will require 4 billion soms.

«We propose to set the minimum pension in the amount of 3,170 soms. If the changes are adopted, the pensions of 53,000 pensioners will increase,» he said.

According to Baktiyar Aliyev, there are 745,000 pensioners in the country to date. «We are also simplifying the process of getting pensions. Now it is enough to have a passport,» the head of the Social Fund added.

In addition, it is proposed to prohibit early retirement. «If 55,000 pensioners retire early for a year, 90 percent of them are civil servants who receive wages and pensions,» he told.

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