Ministry: Pensions increased by 16.6 percent

  • 16:05 06 February 2020

Ministry: Pensions increased by 16.6 percent

In order to implement the order of President Ilham Aliyev “On indexation of labor pensions” dated February 6, 2020, the insurance part of all types of labor pensions have been indexed and increased by 16.6 percent according to annual growth rate of average monthly nominal salary determined by the State Statistics Committee as of January 1, 2020, the Ministry of Labor and Social Protection of Population told ONA.

This growth rate testifies to continuation in 2020 of the successful social reforms that ensured taking of revolutionary steps in the area of increase of social payments last year by instruction of President Ilham Aliyev and provided serious support to welfare of 4.2 million citizens.