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Azerbaijani President issues order on indexation of insurance part of labor pensions

Azerbaijani President issues order on indexation of insurance part of labor pensions

17 February 2010 17:29 (UTC +04:00)

Baku. Elbrus Seyfullayev â€“ APA. Azerbaijani President Ilham Aliyev issued an order on the indexation of the insurance part of labor pensions, APA reports. Under the order, in line with the consumer price index for 2009, State Social Protection Fund is to ensure increase of insurance part of labor pensions as of January 1, 2010, and indexation of the capital amount of pensions recorded in the insurance part of individual accounts in the accounting system.

The Cabinet of Ministers is to solve the related issues.

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