A system may be created to pay more money to those who retire later

When high-income earners retire 6 months later, they can be paid up to 277 thousand soums per month or 8 percent more in today's value, and when they retire 12 months later, up to 554 thousand soums per month or 15 percent more. If the draft law submitted for public discussion is adopted, the new procedure will come into force from April 1, 2028.

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A system of providing more funds to those who retire later may be introduced

It is planned to financially incentivize citizens who delay their retirement by 6 or 12 months. The Ministry of Economy and Finance has published a relevant draft resolution for public discussion.

It is noted that in order to additionally incentivize citizens who pay social tax from high incomes and continue their labor activity even at retirement age, starting from April 1, 2028, it is proposed to increase the upper limit of wages when assigning a pension for the first time:

- from 12 times to 13 times the base amount of pension calculation;

- when the pension is assigned with a 6-month delay — up to 14 times the base amount of pension calculation;

- when the pension is assigned with a 12-month delay — up to 15 times the base amount of pension calculation.

According to current legislation, wages higher than 12 times (6 million 48 thousand soums) the base amount of pension calculation (from July 1, 2026 — 504 thousand soums) are not taken into account. The draft law submitted for discussion envisages increasing the maximum amount to 6 million 552 thousand soums at today's value. In this case, if retirement is delayed by 6 months, the limit of wages taken into account will expand up to 7 million 56 thousand soums. If delayed by 12 months, this limit will be 7 million 560 thousand soums.

As a result, those who receive a monthly salary higher than the calculated maximum amount can receive up to 277.2 thousand soums or 8 percent more per month when retiring 6 months later, and up to 554.4 thousand soums or 15 percent more per month when retiring 12 months later.