Regulatory Alerts2017-03-13 | ПҚ-2826Added · Updated
Measures for Further Improving the Mechanism for Paying Pensions and Benefits
The decree mandates the gradual transfer of cash pension and benefit payments from Uzbekistan Post to the People's Bank, with full implementation across all regions by July 1, 2017. It requires the People's Bank to expand staff by 4,000 positions, procure equipment directly without tenders, and organize cash delivery logistics, while local authorities must provide free premises for cashiers. The Central Bank must ensure continuous cash supply by the 27th of each month, and the Ministry of Internal Affairs and National Guard must escort cash transports without charge. Payment for these services is set at 1% of the total delivery amount, and the system will be automated with SMS notifications and online monitoring.
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