Increment is expected to basic part of pension

The basic part of the pensions are expected to increase in Azerbaijan in the next months.

The Head of the State Social Defense Fund Salim Muslumov told about it.
 
Muslumov noted that it is connected with the indexation of the insurance part of pensions in the near future: "Indexation of the insurance part of pensions is annually carried out in the country. It has alreadybeen conducting for seven years . And currently, the process is going on. The insurance part of pensions in this year is indexed in line with the last year’s inflation rate. By order of the President, the indexation of the insurance part of pensions will consequently lead to the rise of the basic part of the pension”


/APA/