By 1 November individual accounts of social insurance belonged to 3,336,912 people (+ 4.9% or 156,758 index cards by 1 January), the press service of the Ministry of Labor and Social Protection said.
More than a quarter (25.5%) of the accounts regard workers aged 30 to 40 years. Oddly enough, in the second position (21.1%) are workers aged 50 to 60 years, followed (20.2%) by young people under 30 years, and 20.1% are those who are 40 to 50 years old. Workers over the age of 60 years are behind - their share is 13.1%.
Individual records of social insurance in Azerbaijan have been applied from 1 January 2006 as a result of the reform of the pension system. On retirement, the basic pension is accrued a part based on mandatory contributions to the State Social Protection Fund. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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