In 10 months, more than 226 thousand people received pension savings funds

Владислав Вислоцкий Local news
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As of November 1 of this year, 226,144 people have utilized their pension savings, with a total payout amounting to 5 billion 770.3 million soms, according to information from the Social Fund of the Kyrgyz Republic.

Of the total number of recipients:

— 198,880 citizens who have reached retirement age received 3 billion 61.1 million soms;
— 4,496 individuals who moved abroad for permanent residence received 251.8 million soms;
— 11,847 heirs of deceased insured persons received 357.1 million soms;
— 995 military personnel received 11.6 million soms;
— 385 individuals with mortgage loans received 87 million soms;
— 7,779 individuals who also received mortgage loans received 1 billion 745.2 million soms;
— 317 individuals paying for housing rent under a contract financed by JSC "GIK" received 52.1 million soms;
— 367 participants in shared construction or those repaying installments for construction projects who received a bank guarantee received 71.8 million soms;
— 312 officially unemployed individuals received 5.9 million soms;
— 766 citizens with severe illnesses received 126.7 million soms.

It is important to note that there is an opportunity to use pension savings for various needs, which contributes to improving the quality of life and social well-being of citizens of Kyrgyzstan:

1. Payments to pensioners:

• Citizens who have reached retirement age and receive pensions under the Law of the Kyrgyz Republic "On State Pension Social Insurance" can utilize their savings if they are accounted for in their personal insurance account.

2. Moving abroad:

• Citizens who have moved abroad for permanent residence have the right to access their pension savings from personal accounts.

3. Inheritance:

• Heirs of deceased insured persons can claim funds that were accounted for in their personal insurance accounts.

4. Payments for military personnel:

• Military personnel can access funds from the accumulative pension fund upon reaching the established age of 63, provided there are funds in their accounts. It should be noted that military personnel do not make contributions to the Social Fund during service, but can access savings if they worked in the civilian sector before or after service.

5. Mortgage lending:

• Citizens, as well as their spouses, who have mortgage loans and participants in the state housing program can use pension savings for the down payment or repayment of a mortgage loan.

6. Support for the unemployed:

• Officially recognized unemployed individuals have the right to access pension savings depending on the amount of the subsistence minimum for the working-age population.

7. Treatment of severe illnesses:

• Citizens facing severe illnesses, as well as their families, can access pension savings to finance treatment (details available at the link: https://sf.gov.kg/.../perechen-tyazhelyh-zabolevanij.../).
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