Pensions to grow in Azerbaijan

27 Fevral 2013 16:18 (UTC+04:00)

Basic pension is expected to grow in Azerbaijan.

The statement came from chairman of the State Fund of Social Protection of Azerbaijan Salim Muslimov speaking at the session of the Caspian European Integration Business Club.

He said the work is currently underway in this direction.

"In the coming days we will be able to specify how the basic part of labor pension will grow and define the terms", Muslimov said.

He noted that indexation of insurance part of pension in line with inflation rate in 2012 was held from 1 January (1.1%).

"Some expected greater increase in pensions but inflation in Azerbaijan was not high last year", he said.