Jogorku Kenesh Adopts Amendments to Labour Code on Wage Indexation

On 15 October, Kyrgyzstan's Jogorku Kenesh adopted in third reading amendments to the Labour Code concerning the indexation of wages. The document establishes wage indexation at the legislative level. According to the document, this is necessary to preserve the real purchasing power of salaries.

The bill was initiated by deputies Gulnara Akimbaeva, Ravshanbek Rysbaev, Gulnara Baatyrova and Talaibek Masabirov. Under the document, the procedure for indexing wages in organisations financed from the republican budget will be determined by laws and other normative legal acts.

In organisations that do not receive republican budget funding, the procedure, conditions and frequency of indexation will be set by collective agreements, agreements or internal organisational documents.