Bank Of Baku

Monthly pension benefit accounts for 34% of monthly salary in Azerbaijan

Monthly pension benefit accounts for 34% of monthly salary in Azerbaijan
# 22 January 2010 16:16 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. As of January 1, the number of pensioners reached 1.301 million in Azerbaijan, said the State Statistical Committee.

According to the official statistics, the ratio of economically active population to pensioners to is 1,000 to 319.

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 to AZN 100 or 34% of average monthly salary in the country.
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