The Minister for Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov told at a press conference about the formation of a common labor market of EEU.
"A common labor market is a complex of legal and regulatory framework. In terms of the implementation of all the rules of the contract, we can state: they are fulfilled. Russia is the main recipient of labor from other states of the Union," he said.
One of the aspects of the formation of the labor market, in his opinion, is the pension legislation. "All of us retire sooner or later. And if we have created a common labor market, implying that a citizen of one country will be able to work in all five countries of EEU, it is clear that in addition to wages, sick certificates and vacation payments he should have the right to receive a pension. That is what we are working on now. We have a separate contract on pension provision of workers of EEU countries. It is being coordinated. The agreement describes how pension rights are formed, it also provides for equality of territory and time. We have limits - period of participation in the pension system. Not to lose working experience periods in other countries, we have provided their compulsory registration. The most important thing - the pensions will be exported. That is, if a citizen of Kyrgyzstan worked in Russia for five years - of course, legally and making payments, the Pension Fund of the Russian Federation will pay him a pension from the budget upon reaching retirement age in the Kyrgyz Republic," he explained.
"The common labor market is being formed, the regulatory framework is almost completed. Labor migration flows have greatly increased. This also applies to Kyrgyz citizens working in Russia and Kazakhstan. We are legitimizing many of the things, we give a guarantee to the state and the workers," Timur Suleimenov said.