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Central Asian Problems of Modern Science and Education

Article Title

REFORMS OF THE PENSION SYSTEM OF DEVELOPED COUNTRIES AND THE POSSIBILITY OF ITS APPLICATION IN UZBEKISTAN (ON THE EXAMPLE OF JAPAN)

Abstract

This article discusses the international experience of pension reform and examines the experience of the world, including Japan, and compares the characteristics of the pension system in Uzbekistan. The need to transform the Uzbek pension system is due to the increase in maintenance costs, dependence on budget revenues and contributions, low assets and the expected increase in the budget deficit of the Pension Fund of Uzbekistan. In order to improve the national pension system, a package of measures is proposed to ensure its financial balance.

First Page

219

Last Page

226

References

1. World Economic Forum. We’ll Live to 100 – How Can We Afford It. WEF publishing, 2017, p. 4-22. 2. OECD. Pensions at a glance. Country profiles Japan. OECD publishing, 2017, p. 15-30.Available from http://dx.doi.org/10.1787/888933635674 3. ESCAP Population Data Sheet 2016. Washington, D.C. Available from www.unescap.org/stat/data/statdb/DataExplorer.aspx. Accessed 10 August 2016 4. Human Mortality Database. University of California. Berkeley (USA) and Max Planck Institute for Demographic Research (Germany). Available from www.mortality.org 5. OECD. Pensions at a glance. OECD publishing, 2011, p. 13-15. 6. Holzman R. Global pension systems andtheir reform: Worldwide drivers, trends and challenges. Blackwell Publishing Ltd,International Social Security Review, Vol. 66, 2/2013, p. 19-23.de 7. Kenichiro K., Masahiro N., Kiichi T. Pension Reforms in Japan. IMF working paper, 2012, p. 3-15.

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