News about pensions: events, facts and developments on tafs uz.
18 stories
According to official Chinese data, the old-age dependency ratio has for the first time exceeded the figure for children: 23% versus 22% of the working-age population. The number of people aged 65+ has reached 223 million, while children under 14 number about 213 million. Analysts link this to long-term risks for pensions, healthcare and economic growth.
Aziz KarimovFrom November 1, the customs fee for processing international courier shipments is reduced, old-age pensions assigned two years early will be granted proactively, advertising calls will be banned in the evening and at night, and advance payment for electricity and gas for businesses will become fixed — 15%.
Otabek YusupovEkaterina Stenyakina, First Deputy Chair of the State Duma Committee on Agrarian Issues, said that the date a pension is received depends on the delivery method and the payment schedule in the region: a pensioner chooses only the method of receipt, not the day. When receiving via Russian Post, about three weeks are allotted for payout, and if the money is not collected for six months, the payment is suspended.
Aziz KarimovAhead of Chancellor John Healey's first Budget, the BBC spoke to people on different incomes — from a universal credit recipient to a high-earning financier — about what they want to see in the tax and spending plan. Their requests: help for single parents, cuts to taxes and fuel duty, access to pension credit, and reform of student loan interest rates. Ahead of Chancellor John Healey's first budget, the BBC spoke to people on different incomes — from a universal credit recipient to a high-earning financier — about what they want to see in the tax and spending plan. Their requests: help for single parents, lower taxes and fuel duties, access to pension credit, and reform of student loan interest rates.
Otabek YusupovA rally was held in Madrid demanding the protection of the state pension system — a month before the parliamentary elections on November 29. According to city authorities, about 25,000 people took part. Pensions have become one of the key issues in the election contest between Pedro Sánchez's socialists and the Popular Party.
Otabek YusupovJohn Healey's first budget, to be presented on Wednesday, is expected to introduce a new tax allowance for pensioners on low incomes. The basic state pension will rise by 3.9% from April to £13,036.40 a year, exceeding the tax-free threshold of £12,570. The opposition has put forward alternative proposals.
Aziz KarimovBBC examines how comparable the UK state pension is with pensions in other wealthy countries: according to the OECD, basic payments are below average, but budget spending on them is growing. Andy Burnham intends to replace the 'triple lock' with a new indexation system from 2030.
Otabek YusupovOn October 24, a rally in defense of the state pension system took place in Madrid, organized by the pensioners' movement with support from trade unions, including the CGT. Demonstrators demanded pension indexation in line with real inflation, raising the minimum pension to the level of the minimum wage, and easier early retirement. The rally coincided with a day of protests in France and Italy, where authorities have tightened security measures.
Aziz KarimovUzbekistan's Cabinet of Ministers amended the 2022 pension assignment regulation. Work periods from 2005–2016 are counted toward the record without an archival certificate if there are entries in the work record book and the employer paid contributions. Care for a child with a disability is confirmed by an electronic medical opinion, maximum supplements are assigned proactively, and applications to transfer a pension upon relocation can be submitted online.
Sevara AzamovaAccording to the draft budget, insurance pensions of non-working Russians will be indexed in 2027 in two stages: from February 1 by 6.8% and from April 1 by 3.3%. The average monthly payment will amount to 30,241 rubles, with a total increase of 2,466 rubles, said State Duma committee deputy chairman Nikita Chaplin.
Sevara AzamovaA Cabinet of Ministers resolution of October 19 provides for transferring district and city branches of the Pension Fund to a digital format from 2027. From October to December 2026, the new approach will be tested in the Andijan, Samarkand, Khorezm and Syrdarya regions. Pensioners abroad will also be allowed to confirm their pension entitlement via MyID.
Sevara AzamovaIgor Balynin, an associate professor at the Financial University, estimated the pensioner minimum subsistence level for 2027 at 17,395 rubles — 6.8% higher than in 2026. The increase matters for non-working pensioners receiving the social supplement. Valery Ryazansky noted that indexation mostly compensates for inflation.
Javlon TursunovProfessor at RSSU Alexandra Sytnik said that the minimum voluntary pension insurance contribution in 2026 is 71,525.52 rubles and allows one to gain a year of insurance service and about 1.09 points. An insurance pension requires 15 years of service and 30 points.
Javlon TursunovIn November 2026, Russians who turned 80 in October, as well as certain former civil aviation and coal industry workers, will receive a pension increase. Associate Professor at the Financial University Igor Balynin explained the mechanism for doubling the fixed payment and gave a calculation example. The recalculation will happen automatically, without applications.
Javlon TursunovAccording to the 2026 Marsh CFA Institute Global Pension Index (MCGPI), the Netherlands has been named the world's best pension system for the fourth year in a row (85.8 points), followed by Denmark and Iceland. The index covered 55 systems accounting for 66% of the world's population. Several major European systems, including France, Spain, Italy and Austria, show high benefits but weak long-term sustainability.
Sevara AzamovaFrom October to December 2026, in the Andijan, Samarkand, Khorezm and Syrdarya regions, the functions of assigning and paying pensions will be transferred on a pilot basis to territorial departments of the Pension Fund. A number of services will become proactive — without citizens' applications, and commission decisions will be made within 10 days.
Sevara AzamovaAfter Pedro Sánchez called early elections for 29 November 2026, Spain's pension system is again at the center of debate. The monthly pension bill has reached a record ~€14.5 billion, the social security deficit is at its lowest since 2011 (0.4% of GDP), but more than 20% of the system's revenues are state budget transfers, and the debt to the treasury has exceeded €136 billion. Experts disagree: Fedea puts the underlying deficit at ~€70 billion (4.15% of GDP). Ahead lies the mass retirement of the baby-boom generation.
Aziz KarimovPortugal's draft state budget for 2027 (OE2027) provides for updated income tax brackets, a rise in the minimum wage to 970 euros, pension indexation of about 3%, increased social benefits and housing measures. At the same time, from the 2027/2028 academic year tuition fees at public universities are set to be unfrozen. The draft still needs to pass parliamentary approval and receive the president's signature.
Dilnoza Rahimova
