The Finance Ministry has prepared a draft decree of the President of Kyrgyzstan on increasing pensions for military personnel from October 1, 2024.
«The size of pensions for citizens receiving them in accordance with the Law «On State Pension Social Insurance» directly depends on the insurance contributions paid to the Pension Fund during the entire period of work experience. Deductions to the pension insurance system are not made from the monetary allowance of military personnel, and therefore this category of persons does not have insurance contributions on an individual insurance account. At the same time, the state assumes obligations to guarantee pension provision for military personnel. In this regard, in order to improve the pension provision of military personnel, as well as to implement a unified approach to the pension policy of military personnel, taking into account the budget’s capabilities, this draft proposes to increase the pension provision of military personnel from October 1 by 10.8 percent until the subsequent change in the pension amount,» the background statement says.
This decree will not be applied to people having right to a pension and continuing military service.
