Recently the World Bank published a report where it recommends Uzbekistan raising the retirement age in the long term. However, The Pension Fund of the republic announced that the fund did not consider any such kind of proposals or projects, and this issue was not even on the agenda.
The "Public Expenditure Review in Uzbekistan: Improving the Efficiency of Spending on Human Capital and Water Infrastructure" underpins the fact that the increase in the number of elderly people is putting pressure on the pension system, which is why it needs to be reformed.
"Uzbekistan is the republic with the lowest retirement age in the former Soviet Union, where women retire at the age of 55 and men at the age of 60. During the reforms of the 1990s, many countries increased the retirement age by 2-3 years. A second wave of growth began in the second decade of the 2000s as countries began long-delayed retirement age reforms (Ukraine, Belarus, Russia),” the report said.
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