Pensions to increase in Azerbaijan in 2013

The base part of labor retirement pensions will not be changed in Azerbaijan next year. They will stay at the level of 2010 and 2011 at 85 manat, according to the draft state budget for 2012.

The basic pension is planned to be increased in 2013. According to the project, it will be increased up to 105 manat in 2013, in 2014 - up to 110 manat, in 2015 - 115 manat.

The ratio of the basic pension to the subsistence level for pensioners in 2012 will amount to 103.6 percent, in 2013 - 103.9 percent, in 2014 - 102.4 percent, in 2015 - 101.2 percent. In 2010 this figure amounted to 97.7 percent in 2010 and 117.8 percent this year.


/Trend/