Kyrgyzstan Decides to Increase Pensions of Military Personnel by 10.8 Percent

Fri Oct 11 2024
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BISHKEK: The Finance Ministry of Kyrgyzstan has prepared a draft decree of the President on increasing pensions for military personnel by 10.8 percent from October 1, 2024.

The size of pensions for individual receiving them in accordance with the law directly depends on the insurance contributions paid to the Pension Fund during the entire period of work experience.

Deductions to the pension insurance system are not made from the monetary allowance of military personnel, and therefore this category of persons does not have insurance contributions on an individual insurance account.

The state has obligation to guarantee pension provision for military personnel. In order to improve the pension provision of military personnel, as well as to implement a unified approach to the pension policy of military personnel, the draft proposed to increase the pension provision of military personnel from October 1 by 10.8 percent until the subsequent change in the pension amount.

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