Arzuw NEWS - Turkmenistan news

Amendments to the Law of Turkmenistan "On State Pension Insurance" came into force

Amendments and additions to the Law of Turkmenistan "On State Pension Insurance" came into force.

Articles 6 and 7 were amended: self-employed individuals with income are now considered individuals who receive income from foreign sources, as well as from non-residents.

Article 7 has been added: workers in public organizations (enterprises, institutions) of disabled persons, who receive pension payments or disability benefits, cease to be participants in mandatory pension insurance.

The list of benefits related to insuring individuals has been increased. Part 3 of Article 21 was declared invalid due to the lack of the need for individuals to submit a declaration on contributions to the Pension Fund (this does not apply to the category of renters). At the same time, part 4 of Article 23 was amended: insuring physical persons (except for tenants) shall pay contributions to the Pension Fund not later than the 15th day of the 2nd month following the accounting period. Calculation periods for this group of insured persons:

  • January 1-June 30;
  • July 1 - December 31.

Tenant insurers pay contributions to the pension fund along with the filing of a declaration to the appropriate authority of the state pension fund.

You can study the Law in detail on the website of the Ministry of Labor and Social Security of Turkmenistan.


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