Bank Of Baku

Pensions to be increased by 15 percent in Azerbaijan

Pensions to be increased by 15 percent in Azerbaijan
# 20 June 2019 15:04 (UTC +04:00)

“Reforms conducted in the pension’s field will cover 750 thousand people. This is 60% of general pensioners”, said Sahil Babayev, Minister of Labour and Social Protection of Population, APA reports.

He has noted that the forecast for average wage increase is 15% for this year: “In accordance with this, by January 1 of the next year, pensions of all our pensioners will additionally increase by 15%”.

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THE OPERATION IS BEING PERFORMED