Elman Mehdiyev: Pension capital registered in the personal accounts will be doubled

Elman Mehdiyev: Pension capital registered in the personal accounts will be doubled
# 30 September 2015 08:24 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. “Reforms planned in the pension provision system are aimed at stimulation of payment of high social insurance due”, chairman of the State Scial Protectin Fund Elman Mehdiyev said,

Informing about details of these reforms, Mehdiyev stressed that 50% of paid insurance due are registered in the personal accounts, after reforms, this figure will be reached 100%: “So, the paid amounts will be registered in the personal accounts. At the same time, pension capitals registered in the personal accounts will also be doubled. Full amount of insurance due in the formation of pension capital will lead to high pension amounts and improve the social protection of the population”

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THE OPERATION IS BEING PERFORMED