ANALYSIS OF PROSPECTIVE DIRECTIONS OF ACCOUNTING FOR WORKING PERIOD IN PENSION
Nuriddin Rakhmonov Mukhamadjonovich,
Deputy dean of the Faculty for Management of personal training
Banking and Finance Academy of Republic of Uzbekistan,
Tashkent, Uzbekistan. Email: nraxmonov86@gmail.com
ORCID: 0000-0001-5531-8460
Abstract: In this article, a serious change in the age structure of the population, which is considered one of the most global problems in the pension system, that is, an increase in the share of elderly citizens in the age structure of the population, an increase in the average life expectancy of the population, a study of the importance and essence of work experience in pension provision, taking into account labor activity, state issues related to appointment and payment of pensions, application of pension benefits and provision of pensions to citizens are mentioned. World experience shows that the pension system plays an important role in establishing relationships aimed at human interests and its effective use, solving social problems and protecting people from poverty in old age. The pension system is based on the use of funds, which are formed on the basis of pension contributions and directed to meet the social needs of the population and exercise their constitutional rights. One of the most important obligations of any country is to provide its citizens with adequate social security for old age after long years of productive work. To fulfill this function, the state finances material incentives in the form of social pension payments to the non-working population (for old age, disability and survivors). In order to ensure the proportionality between the growing population and the retirement age, to introduce an effective mechanism of social and economic relations that creates the right to receive a pension for the social protection of the population unable to work, to regularly monitor and conduct scientific research on the relationship between the length of service and the average salary used in calculating the pension necessity justifies the relevance of this topic.
Keywords: Pension, pension provision, fixed length of service and salary, special length of service, average salary, base amount, length of service calculation mechanism.