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Pensions to be increased in Kyrgyzstan from October 1

Pensions to be increased in Kyrgyzstan from October 1

Pensions paid by the state will be increased in Kyrgyzstan from October 1, such decision was signed by the government.

Chairman of the Social Fund Tenizbek Abjaparov said that the average pension size will by increased by 516 som and amount to 5,517 som.

"Growth by the beginning of the year will make 108.6%, growth at the moment of increase - 110.3%," he said.

The average size of pensions lower than 5,000 som will increase by 113.2%, more than 5,000 som in average - 107%.

The increase will be as follows:

- basic part of the pension will be increased in the amount of 1,780 som (growth by 280 som);

- insurance part of pensions will be indexed by coefficient of 1.05 but not less than 240 som. The indexation factor is calculated on the basis of inflation and wage growth over the past year;

- size of the general pension for first group people with disabilities is set at least below the subsistence level of the pensioner for the previous year.

Original url : akipress.com

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