Public Pension Reforms and Social Security Improvement in Uzbekistan

Abstract

Uzbekistan has been conducting in-depth reforms in all areas of economic system in the process of transition to market economy by keeping the principles of socially-oriented market economy. In the context of social orientation, the government is reforming the pension system with wider focus on the optimization of public provisions. This article examines the public pension reforms, analyses their impact on welfare system and provides theoretically-rooted recommendations for further improvement.

Keywords: public pension, PAYG, pension reform, welfare, retirement income, Uzbekistan.