PROSPECTS FOR THE DEVELOPMENT OF STATE REGULATION OF PENSION PROVISION FOR THE POPULATION

This article explores the issues with Kyrgyzstan's pension system post-USSR and its potential reforms. This highlights the importance of providing a decent living standard for pensioners and enhancing public financial literacy regarding pensions. The global pension system trends are reviewed, including maintaining state distribution systems with voluntary accumulative elements, raising the retirement age, and shifting to private pension insurance. Key deficiencies in Kyrgyzstan's pension system were identified: low financial literacy, poor interaction between the State Accumulative Pension Fund and the public, and insufficient pension savings for adequate payments. The suggested measures aim to improve the funded pension system, manage pension savings, and protect citizens' pension assets.