Azerbaijan to index insurance segment of pensions

Business Materials 10 February 2009 13:00 (UTC +04:00)

Azerbaijan, Baku, Feb. 10 / Trend , U.Ismayilova /

Azerbaijani President Ilham Aliyev issued a decree to index the insurance segment of pensions, media reported. The segment was indexed on Jan. 1 at a 20.8-percent inflation rate for the year.

The State Social Protection Fund was instructed to increase the insurance segment.

The insurance segment was indexed at a 16.7-percent rate in 2008.

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