BAKU/20.12.13/TURAN : Calculation and funding pensions ending December 20th, - told Turan State Social Protection Fund ( SSPF) . This means that pensioners and benefit recipients will be able to get the money to the World Day of Azerbaijanis and New Year.
According to the press service, as of November 1, income fund amounted to 2 billion 208 million manats ( 4 % compared to last year ) . Most grew up ( 12 % ) income under mandatory social contributions of employers , amounted to 1 billion 253 million manats , 57 % or 796 million which occurred in the off-budget sector.
Fund expenses amounted to 2 billion 119 million manats , 98 % of which - pensions and social benefits .
Average labor pension in Azerbaijan is 170 manats at the minimum level of pensions in 100 manat . Retirement pension equal to 45 % of salary .
As of October 1, the country has registered 1,274,342 labor pensioners , 39.5 % of which - male. Most of the seniors (62.2 %) receive old-age pensions , 27.1 % - on disability , 10.7 % - due to the loss of a breadwinner. - 17D-
Economics
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