The establishment of private pension funds will start in Azerbaijan, the State Social Protection Fund told APA-Economics.
It was noted that the draft law on Non-State Pension Funds was prepared and submitted to relevant agencies for approval.
As a result of discussions with relevant institutions, work is being carried out with representatives of relevant institutions to improve the project in order to form the legal, economic and financial foundations of the activities of private pension funds and determine mechanisms for controlling the activities of these funds.