Azerbaijan may increase social insurance premiums
He says that the social insurance premium have to be reached 35% for operation of 1st and 2nd systems normally: “It would be better to pay the most parts of increased 10% on the employees’ accounts.â€
Note that the rate of social insurance premiums is 25%. 22% of this is paid by employer and 3% by worker.
He also noted that the number of registered hired workers paying the social insurance premium is 1.360 mln, pensioners are 1.300 mln persons, workers in agriculture are 300 000 persons.
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