Azerbaijani President Ilham Aliyev has signed a decree on the indexation of the insurance part of the labor pensions, AzerTAj state news agency reported.
The State Social Protection Fund was instructed to increase the insurance part of all types of the labor pensions as of Jan. 1, 2011 in accordance with the consumer prices index, carry out indexation of the amount of pension capital accumulated in the insurance part of individual accounts in the individual account system and the Cabinet of Ministers was instructed to resolve the issue arising from the decree.