Salaries and pensions to increase by 12 percent in Uzbekistan

Photo: Salaries and pensions to increase by 12 percent in Uzbekistan 
 / Uzbekistan

Tashkent, Uzbekistan, July 31

By Demir Azizov- Trend:

The salaries of state servants, pensions and social benefits, scholarships will be increased by an average of 12 percent in Uzbekistan from September 1 in accordance with President Karimov's decree dated on July 31.

The minimum salary will be 107,635 soums per month, the minimum old-age pension and allowances to those disabled from childhood - 210,525 soums, benefits to elderly and disabled citizens without the required work experience - 129,180 soums per month from September 1, according to the presidential decree.

All kinds of allowances and bonuses to salaries and pensions, compensation and other payments are carried out from September 1, 2014 depending on a minimum salary set by decree.

The costs, associated with an increase in salaries of state servants, pensions, allowances and scholarships, are made through the state budget of the country and off-budget Pension Fund under the Ministry of Finance.

The self-supporting associations, enterprises and organizations will increase salaries in line with the minimum salary by increasing production efficiency and reducing labor costs.

The minimum salary has been previously increased by 5 percent in Uzbekistan since December 15, 2013. Then the minimum salary was set at 96,105 soums per month, the minimum old-age pension and allowances to those disabled from childhood - 187,970 soums, benefits to elderly and disabled citizens without the required work experience - 115,340 soums per month.

The official exchange rate is 2332.24 soums/$1 on July 31.

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