Bank Of Baku

Average pension amount increases by 28% in Azerbaijan this year

Average pension amount increases by 28% in Azerbaijan this year
# 30 December 2011 09:50 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. The amount of the average pension rose 28.4% this year and amounted to AZN 145, as well as average amount of pensions for age reached AZN 160.

Chairman of State Social Protection Fund Committee Salim Muslumov says at present time the number of pensioners decreases due to preventive measures.

“Thus, as of October 1, the number of pensioners across the country was 1 279 422”, added Muslumov.

“The calculations show that the number of pensioners will be 1.280 mln by 2022. And, in turn, will allow conduct necessary reforms in pension system”, said Muslumov.






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