Moluch 150 c indd

 * Source: Ministry of Finance of the Republic of Uzbekistan

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«Молодой учёный»
.
№ 16 (150)
 .
Апрель 2017 г.
344
Государство и право
lack of literacy of the insured. In the UK there are fairly strict 
mandatory and voluntary standards for dealing with citizens’ 
appeals for all financial organizations working with pension 
funds. In the Kingdom also operates a special pension Om-
budsman (Pension Ombudsman) — an organ of extrajudi-
cial settlement of disputes. Timely resolution of disputes re-
lated to various aspects of the pension system allows, first, 
to avoid major mistakes, and secondly, increases the trust of 
citizens to the system as a whole.
In many countries where only voluntary participation in 
the funded pension system is provided and there is no dis-
tribution pension system, those who receive non-salary in-
come (lawyers, consultants, tutors), as well as housewives, 
are outside the existing pension system. When they reach re-
tirement age, they are without any pension support (the min-
imum state pensions are often not provided).
Since the pension system of Uzbekistan is of a mixed na-
ture, there is no chance for our citizens to remain completely 
without a pension. This is the advantage of the domestic 
system over others. It is important to note that the funds ac-
cumulated on the individual accumulative pension account, 
in case of death of the recipient, can be inherited in the es-
tablished order. Accrued funds are paid to the heir at a time 
in full.
Taking everything into consideration, it can be said the 
accumulated pension funds can be paid in the case of the de-
parture of a citizen of the Republic of Uzbekistan from the 
republic to a permanent place of residence. The accumula-
tive pension system is capable of ensuring the transparency 
of the pension system as a whole. This part of the labor pen-
sion guarantees the necessary pension reserve in case of de-
mographic imbalance.
References:
1. Alier M. and Vittas D.(2001): «Personal Pension Plans and Stock-Market Votality», Holzmann-Stiglitz, eds. 
391–423.
2. Qosimova G. (2007). Byudjetdan tashqari fondlar. Tashkent: Iqtisod-Moliya.
3. Tuhtarova M. (2015). Pensionnoye obespecheniye grajdan. Tashkent: NORMA.
4. Islamov Bakhtiyor, Shadiyev Rustam (Uzbekistan). «New demographic trends, employment and labour market in 
Uzbekistan».