Immigration. Travel. Living.

How to retire in Kyrgyzstan (the Golden years)

Kyrgyzstan is a country with unspoiled natural geographies, vagrant traditions, and rich artistic heritage. 

Kyrgyzstan’s history spans a variety of societies and conglomerates. Even though topographical set by its largely mountainous terrain, Kyrgyzstan has been at the crossroads of several great societies as a part of the Silk Road and other marketable routes. Retirement in Kyrgyzstan is out there upon reaching the widely established age, but the law “On state pension social insurance” provides for preferential terms of retirement for a few orders of citizens. 

The retirement plans

Men and women whose record of service is under 25 and 20 times, independently, can also retire when they reach the age of 58 for ladies and 63 for males. In this case, the introductory portion of the pension will be reduced proportionally. Still, the introductory and insurance portions of the pension will be increased on a periodic basis, If a pensioner keeps on working after retiring. 

Still, he/she has a right to retire 36 months before, If a person has worked fifteen years more than is necessary for old­ age retirement. Social welfare and NDC must be assessed with a gaggle I ( total disability and requires constant attendance), Group II ( total disability with an 80 loss of mobility), or Group III ( partial disability with some loss in working capacity) disability, and meet a covered employment demand that varies grounded on the insured’s age when the disability began at least one time of covered employment if youngish than age 23;twenty four months if aged 23 to 25; 3 years if aged 26 to 30; or at least 5 years if aged 31 or aged. Covered employment includes ages of study, motherliness leave, minding for persons with disabilities, registered severance, and other leave ages approved by special decree. 

Pension schemes 

A specialized committee of the Ministry of Labor and Social Development investigates the degree of disability. Also, a Continuous ­attendance supplement is paid if the insured requires the constant attendance of others to perform diurnal functions. Partial pension paid with lower than the needed number of times of covered employment for a total disability pension. The pension supplement is given to a person with a Group I disability, single persons with a gaggle II disability, and Chernobyl disaster workers. The disability pension is outstanding in Russia under a bilateral agreement. 

The yearly benefit is the sum of several factors,

  1. An introductory flat­ rate benefit, a social insurance element, an NDC element, and a benefit from the obligatory individual 
  2. A social insurance element.
  3. An NDC element.
  4. benefit from the obligatory individual account.

The introductory flat­ rate benefit is 12 percent of the public average yearly paycheck in the last time, whichever is lesser. The public average yearly paycheck is 15,670 soms (2017). 

The social insurance element is calculated as the insured’s average yearly earnings for 60 successive working months multiplied by 1 for every complete time of ensured employment before 1996. 

The maximum average yearly earnings used to calculate the social insurance element are 50 times the introductory rate. The introductory rate is 100 soms a month. 

The NDC element is calculated as accumulated benefits (of at least one time) since 1996 divided by 12 months and multiplied by a measure grounded on the life expectation of the insured’s cohort at retirement age. 

The individual account benefit is grounded on the account balance at retirement. 

Partial pension

A chance of the full pension is paid grounded on the number of times of covered employment. Beforehand pension is calculated in the same way as the old­ age pension. 

Old ­ age pension supplement 50 to 475 of the introductory rate is paid yearly. 

There’s no maximum yearly old­ age pension.

The Ministry of Labor and Social Development of Kyrgyzstan provides general collaboration and oversight. Ministry of Labor and Social Development of the Kyrgyz Republic administers the programs.Social Fund (http// collects benefits and pays social insurance benefits.

Contact us