Bank Of Baku

Azerbaijani government discussing draft program for development of pension system

Azerbaijani government discussing draft program for development of pension system
# 11 September 2007 10:23 (UTC +04:00)
The program has been drafted by the State Social Protection Fund and Finance Ministry by the order of the president.
the State Social Protection Fund told APA-Economics that the program envisions implementing the final phase of reforms in pension system. The amendments are aimed at improvement of the social wellbeing of the population. Also, the document also reflects some items about pension insurance system and private pension funds.
In 2006 Azerbaijan launched a new pension system based on individual social insurance registration./APA-Economics/
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THE OPERATION IS BEING PERFORMED