Improving national pension provision based on pension systems in developed countries

Each country organizes its pension system through taking into account its existing economic, demographic and social problems. At the same time, countries with developed and developing economies, need to reform the pension sector to ensure a decent standard of living after retirement, when they reach a certain level of development. This article examines the pension systems of foreign countries and their peculiarities. Criteria for valorization in the pension systems of foreign countries are given. Based on the experience of foreign countries, proposals have been developed to develop an action plan to improve the management system of mandatory pension payments in Uzbekistan.

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