Kyrgyzstan offers to pay pension savings to foreigners and the stateless when they finish working and leave the country.
Currently, such payments are possible only if you have a permanent residence in Kyrgyzstan, and this creates a practical problem. The person worked, paid his debt, but upon leaving he cannot get his money back.
If the amendments are adopted, this will simplify the procedure and reduce the number of discontinued savings, but at the same time it will oblige the social fund to have a clear mechanism to check the fact of departure and confirm that the person is indeed leaving the country.
Kyrgyzstan actively attracts foreign labor in construction, agriculture and industry.
If a person works legally, pays contributions, but when fired and leaves cannot receive savings, this creates a lack of trust in the system.
The amendments remove this block. The foreign worker will know that his contributions will not be lost, but will be returned to him upon departure.
It is also an advantage for employers. Legal registration becomes more attractive, and the risk of informal schemes is reduced.
The social fund will need a mechanism to confirm exit, for example a stamp in the passport or data from the immigration service. You also need to determine how to calculate the amount: only employee contributions or taking into account profitability.
And most importantly, timing. If a person has left, but the payment is delayed for months, the effect of the corrections will be reduced.
For now it's just a proposal, but if it becomes law, Kyrgyzstan will become one of the few countries in the region where foreign workers can actually receive their pension contributions.