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Azerbaijan to automate pension system in 2012

Business Materials 9 October 2011 15:17 (UTC +04:00)

Azerbaijan, Baku, Oct. 9 / Trend N. Ismayilova /

The Azerbaijani State Social Protection Fund intends to complete the automation of pension system in 2012, head of the State Social Protection Fund Salim Muslimov told press on Friday.

"We plan to complete our biggest project - the automation of pension system in 2012," he said. "The fund has already started receiving the declarations in electronic form from October 1 on the Absheron Peninsula. This process will be carried out all over the country from January 1, 2012."

He said that the automation of the process will allow pensioners to apply to the fund through the Internet when they reach the retirement age.

"The new system will automatically conduct the registration and send an order for a plastic card to the bank," he said.

The State Pension-Insurance System Development Program for 2009-2015 is aimed to further improve the pension system and achieve sustainable and dynamic development of the pension insurance system.

According to the program, the State Social Protection Fund must provide improvement of the regulation mechanism of insurance payments, full integration of the new labor pension system for retirees who retired before January 1, 2006, improve the system of compulsory social insurance, and improve development of voluntary pension insurance.

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