The fund official: parts of pension insurance in the country will be indexed by the inflation of 2010
According to Elman Babayev, chief of the department of public relations of the State Social Protection Fund of Azerbaijan Republic :The parts of pension insurance will be indexed this month due to increasing of pension benefits. The indexation of parts of pension insurance in the country will be conducted by the inflation of 2010 and we are expects the President’s order on this issue. After that the State Fund will execute its competence.
"I can not give precise information about this. The part of pensions insurance will be indexed according to inflation. Other increases depend on economy process during the year. Every year parts of pension insurance indexed in accordance with inflation. For example: 10% to 10, 5 % to 5" he also added
"I can not give precise information about this. The part of pensions insurance will be indexed according to inflation. Other increases depend on economy process during the year. Every year parts of pension insurance indexed in accordance with inflation. For example: 10% to 10, 5 % to 5" he also added
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