The Pension Fund of Uzbekistan and the Social Fund of Kyrgyzstan have agreed on a draft agreement on the payment of pensions to citizens of the two countries, the press services of the Funds reported.
Following the talks on August 11-14 in Tashkent, the chiefs of the funds have provisionally agreed on drafts of the Agreement on State Social Insurance and Pension Provision, as well as the Administrative Agreement on its implementation.
During the negotiations, some articles of the documents were clarified taking into account the legislation of the two countries, as well as the forms of documents that will be used in their implementation.
According to the Social Fund of Kyrgyzstan, the deals are aimed at equal rights of citizens of the two countries to get insurance and state pensions, as well as the elimination of double payment of insurance premiums.
The agreements provide for:
- summation of insurance experience when assigning pensions;
- payment of pensions directly to citizens, regardless of the country of residence, without withholding delivery costs;
- special rules for business trips and extension of terms in order to avoid double deductions.
Reportedly, the implementation of the agreements will not only facilitate the social protection of citizens, but will also bolster cooperation in the socio-economic sphere, including as part of large infrastructure projects such as China-Kyrgyzstan-Uzbekistan railway project.
