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About 96.8 percent of retirees get pensions via plastic cards in Azerbaijan

Business Materials 6 October 2009 15:21 (UTC +04:00)

Azerbaijan, Baku, October 6 / Trend N. Ismayilova /

As of October 1, 2009, about 1,110,962 people get pension via plastic cards in Azerbaijan, the State Social Protection Fund said on October 6.

Number of retirees having plastic cards increased 43,391 within nine months of 2009. As of October 1, about 96.8 percent or 1,100,962 people get pension via plastic cards.

According to the information, number of retirees living in villages and getting pensions via plastic cards increased 4.8 percent compared to early 2009. As of January 1, 88.9 percent of retirees were provided with plastic cards. Presently, this index hits 94.7 percent. About 100 percent of pensions are paid via plastic cards in cities. 

Further giving of pensions to the population is planned to be improved within the state program of Azerbaijani pension-insurance system over 2009-2015. The program covers strengthening provision of cash-machines and POS-terminals, use of multifunctional chip cards, automation of pensions in mountain villages together with studying of other countries' experience.

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