Social Insurance System in Uzbekistan: Characteristics and Prospects
DOI:
https://doi.org/10.51699/ijbde.v2i5.1655Keywords:
material support, targeting of material support, social protection, state benefits, compulsory social insurance, funded pension provision, savings, pension, business activity, personal insurance model..Abstract
The article discusses measures aimed at increasing the level of targeting in providing material support to low-income segments of the population, as well as the need to form a new system of social guarantees that would provide each person with a sufficiently high social protection against a possible decline in living standards. The need to activate the significance of the state social insurance system is noted, the main norms of social insurance are given. In accordance with the new measures adopted in Uzbekistan on September 20, 2022, it was approved that compulsory social insurance funded by employers and employees should be targeted for additional protection of workers, which depends on the level of payers' contributions. A solution of a number of issues is proposed, due to the tasks of the socio-economic choice between the expansion of social guarantees and measures to stimulate self-sufficiency.
