The state pension policy of the Republic of Azerbaijan for the last 5 and next 1 years is determined by the "Concept of Pension Reform in the Republic of Azerbaijan for 2014-2020"[1]. The Law of the Republic of Azerbaijan "On Labor Pensions"[2] adopted on February 7, 2006 regulates the pension system in the country.There are currently three 3 categories of labor pensions: Age pension (1), Pension for disabled persons (2); and pension for loss of...

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