A total of AZN 6.527 billion was allocated to pension payments in the first 10 months of this year, which is 10% (AZN 608 million) more than in the corresponding period of last year, the Ministry of Labor and Social Protection of the Population told APA.
It was reported that pensions have been increased by 9.3% through indexation since the beginning of this year:
"As of November 1, the average monthly pension increased by 10% compared to the corresponding period of last year, reaching AZN 596, while the average monthly old-age pension reached AZN 634. In January-October, 30,000 pensions were assigned proactively through the electronic system, while 208,000 pensions have been assigned in this manner since the introduction of electronic pension assignment in early 2019."
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