Azerbaijan Has 3.21 Million Payers of Compulsory Social Insurance

According to the State Social Protection Fund (SSPF), by March 1, there were registered 3 million 210 thousand 647 individual social insurance accounts (+ 1% to 1 January)...

As stated in the Fund reports, most of the insured (59.27%) are men. Just over a quarter (25.13%) is aged 30 to 40 years. Slightly less (20.99%) are those under the age of 30 years, 21.13% - from 50 to 60, 20.31% - 40-50, and 12.43% - over 60 years.

Recall that in the country there are 4.7 million people working. The reform of the pension system started in Azerbaijan on January 1, 2006, within which the system of individual registration of social insurance has been introduced. --17D-

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