The public pension system’s next step reform factors in Kyrgyz Republic

Arynbaev, Janybai and Sydykova, Umut and Normatov, Melisbek and Arzybaev, Askarbek and Arzybaev, Atabek (2024): The public pension system’s next step reform factors in Kyrgyz Republic. Forthcoming in:

Abstract

Abstract: This article reflects on the central issues of the pension system in the Kyrgyz Republic and the prerequisites for its modernization. Due to its scale, it seems impossible to reflect all aspects of activities in one study. At a time of political and financial turbulence in the world, the factors of specific socio-economic conditions, the need for a pension system sustainability, and financially sound principles of pension benefits provision become vitally actual. Due to its social significance, the issue of modernizing the pension system is widely discussed. All this makes it necessary to develop a social insurance members’ centred approach to reforming the pension system, which affects the interests of citizens, employers and the state. The current research applies to the national pension system big data research using the ILO/PENSIONS platform in 2022-2023. The research created a strong potential for the platform to become one of the most effective actuarial tools globally.

• Item Type: MPRA Paper
• Language: English
• Keywords: Keywords: Pension fund, social fund, social insurance, pension provision, material support, guarantee, solidarity system, accumulation system, income, length of service, differentiation.
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I38 - Government Policy ; Provision and Effects of Welfare Programs

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