BISHKEK, Kyrgyzstan, September 4. Kyrgyzstan will increase the minimum pension beginning October 1, 2024, TurkicWorld reports.
According to information, the resolution was signed by the head of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov.
Furthermore, the Social Fund of Kyrgyzstan is instructed to index from October 1, 2024, the size of insurance parts of pensions, appointed before this date, by a coefficient of 1.18, but not less than 1,000 soms ($11).
The basic part of pensions assigned before October 1, 2024, will also be indexed, if the total amount of such pensions, including supplements, is below 6,900 soms (81 USD) until this level is reached.
These measures were taken to implement the decree of the President of Kyrgyzstan, "On measures to index from October 1, 2024, pensions appointed under the Law of the Kyrgyz Republic ‘On State Pension Social Insurance’, and the effective use of funds of the republican budget," as well as the Cabinet of Ministers Resolution No. 534 of August 29, 2024.
