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Monthly pension benefit accounts for 33% of monthly salary in Azerbaijan

Monthly pension benefit accounts for 33% of monthly salary in Azerbaijan

20 August 2009 15:42 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. As of July 1, the number of pensioners reached 1 292 600 or 15% of the population in Azerbaijan, said the State Statistical Committee.

According to the official statistics, 65% of pensioners receive pension benefits for age, 24% for disability and 11% for death of head of household.

The average monthly pension benefit increased 28% year-on-year to AZN 99.43 or 33% of average monthly salary in the country.

The State Social Protection Fund spent AZN 802.5 million on pensions and allowances during January-July.
Of this, AZN 778.7 million was paid to population as pension benefits and AZN 22.8 million as allowances.

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