Bank Of Baku

Pensions to be indexated in Azerbaijan

Pensions to be indexated in Azerbaijan
# 28 January 2011 10:44 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. State Social Protection Fund has signed a decree project on indexation of insurance capital in private accounts and base insurance part of pensions in accordance to inflation level of 2010’s results and submitted it to Presidential Administration, SSPF chairman Salim Muslumov told APA.

According to him, the relevant decree is expected to be signed, in the near future.

Note that, inflation in 2010 was 5.7%.

He also noted that,
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THE OPERATION IS BEING PERFORMED