Uzbekistan's Ministry of Economy and Finance published an assessment arguing that pension calculations should better reflect an individual's official employment and social tax contributions over their working life. The current approach uses the highest five consecutive years of earnings within the final 10 years of employment, which can disadvantage people whose pay falls late in their careers for health, care or employment-related reasons. The ministry also identified a risk that individuals could artificially raise reported earnings shortly before retirement and receive higher pensions despite having paid lower social taxes for many years. It framed the issue as one of social fairness rather than a simple choice between retaining the five-year period and using an entire career, and did not set out a specific reform formula.
2026-09-02Ministry of Finance (Republic of Uzbekistan)
Uzbekistan's Ministry of Economy and Finance calls for pension calculations to better reflect lifetime contributions
Uzbekistan's Ministry of Economy and Finance argued that pensions should better reflect official employment and social tax contributions across a person's working life. It highlighted fairness and manipulation risks under the current calculation based on the highest five consecutive salary years within the final 10 years, but did not propose a specific replacement formula.