Azerbaijani Pensioners to be Granted Pensions with Inflation taken into consideration

Business Materials 25 February 2008 11:45 (UTC +04:00)

Azerbaijan, Baku, 25 February / Trend corr. U.Ismailova / Azerbaijani pensioners will receive their pension with inflation taken into consideration due to insurance, Salim Muslimov, the head of Social Protection Fund, stated.

"The fund has completed work on account of inflation on the insurance part of pensions," Muslimov said.

In January, President Ilham Aliyev issued a decree on indexation of the insurance part of working pensions taking into consideration the level of inflation.

According to the State Statistics Committee of Azerbaijan, the level of inflation made up 16.7% in 2007. The monthly pension sum in Azerbaijan totals AZN 60.

The correspondent can be contacted at: [email protected]