Mehdiyev noted that the concept also includes establishment of non-state pension funds. According to the SSPF Chairman, global socio-economic tendencies are also taken into account: “The project developed by the Fund is approved by EU. For operation of non-state pension funds, first of all, rules on charges to these funds, control over these charges, calculation of pensions and state control over this sphere should be made. Currently, related works are underway”.
SSPF added that after adoption of related legislative acts and approving rules, non-state pension funds will operate in Azerbaijan.
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