State Protection Fund (SSPF) will increase the insurance part of labor pensions of all kinds.
On the eve of the country's president issued a decree requiring the structure to provide and implement indexing of pension capital accumulated in the individual accounts of the insured in the individual registration system of the state fund in accordance with the consumer price index of the previous year as of January 1, 2013.
Problems that may arise during the implementation of the order, must decide by the Cabinet.
According to the State Fund, Azerbaijan 1 million 270.5 thousand pensioners.
The level of the average pension, according to the State Statistics Committee, is 151.7 manat. The level of the insurance part increased 4.5% last year. Basic pension has not increased since 2009 and is 85 manats. SSPF chairman expressed the possibility of raising the bar to 100 manat.
SSC identified last year consumer inflation at 1.1%.
Less orders that poor pensioners, for which each decade is set, will get indexed payments a month later. - 17D-
Economics
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