Access to pension problems in Azerbaijan completely solved in 2013

Access to pension problems in Azerbaijan completely solved in 2013

Azerbaijan, Baku, Nov. 30 / Trend A. Akhundov /

The agent banks paying pensions in Azerbaijan - International Bank of Azerbaijan (IBA) and Kapital Bank will soon commission new ATMs for people to draw out their pensions more easily, chairman of the Azerbaijani State Social Protection Fund Salim Muslimov said today during the final discussion of the fund's draft budget for 2013 in the Azerbaijani Parliament.

"Kapital Bank will bring and install 30 new ATMs in the country in early 2013," he said. "Moreover, IBA will soon bring two new mobile ATMs. This problem will be completely solved in 2013."

He said that taking into account the proposals of several MPs, the delivery cost of retirement benefits to the population has been reduced by 300,000 manat from a previously projected 20 million manat.

"These funds will be used to increase spending on health improvement and resort and sanatorium treatment, as well as recreation for insured people's children in the camps," he said. "Thus, the costs on this article reached 17.75 million manat."

On Friday, the country's parliament approved the fund's revenues and expenditures for 2013 at 2.633 billion manat, or 7.29 per cent more than in 2012.

According to the forecasts, the fund's income was formed mainly from the proceeds of compulsory deductions for social insurance at the level of 1.55 billion manat.

The budget organisations plan to transfer 539.19 million manat to social insurance and employees of budget organisations - 73.526 million manat.

Around 77.442 million manat will be obtained through subsidies granted by the state, the income obtained from extra-budgetary funds of budgetary organisations, as well as through using the new mechanism of financing universities and 860 million manat - other socially insured people.

Proceeds from the socially insured physical entities engaged in entrepreneurial activity are projected at 33.5 million manat, and other income at 5.5 million manat.
Transfers from the state budget are projected at 1.077 billion manat, while in 2012, deductions from the state budget amounted to 1.044 billion manat.

According to the projections for 2013, around 2.57 billion manat of the fund's expenditure falls to payments to the population as a whole, including the payment of pensions - 2.5 billion manat (1.358 billion manat envisaged for the payment of the basic part of labour pensions, the insurance part - 1.142 billion manat). Benefits will be paid to the sum of 69.98 million manat through deductions from the compulsory state social insurance.

Around 18 million manat is envisaged for benefits for people who temporarily lost efficiency, 22 million manat for pregnancy and childbirth, 12.671 million manat for a funeral and eight million manat for childcare up to three years and 4.809 million manat - unemployment.
It is planned to allocate 23.5 million manat for the maintenance of the State Social Protection Fund and its bodies.

Around 1.43 million manat will be spent for expenses to take the measures envisaged by the state programme for pension insurance system development in Azerbaijan in 2009-2015.

The official exchange rate is 0, 7847 AZN/USD on Nov. 30.

Range of products made in Azerbaijan's Nakhchivan expanding
Range of products made in Azerbaijan's Nakhchivan expanding
Precious metal prices in Azerbaijan drop
Precious metal prices in Azerbaijan drop
Azerbaijani oil prices show climb
Azerbaijani oil prices show climb
Loading Bars
Range of products made in Azerbaijan's Nakhchivan expanding
Uzbekistan eyes to integrate into global economic, transport and transit corridors
Azerbaijani FM meets with Georgian counterpart (PHOTO)
Construction of large grain warehouse in Iran to be completed soon
Precious metal prices in Azerbaijan drop
Georgia reduces imports of electricity from Azerbaijan
Iran-Najaf flights resume for special passengers
Armenian intelligence network exposed - SOCIAL NETWORKS - PHOTO FACTS
UAE, Israel discuss energy, infrastructure cooperation
Iran declares trade turnover with EU member states
German industry's export expectations up significantly
EAEU countries increase fruit exports to Turkmenistan
Azerbaijani oil prices show climb
Pakistani Ambassador: Azerbaijan ably steered NAM in difficult times, provided leadership for developing countries
46-year-old enters Baku Higher Oil School
Moscow-Baku flights resumed (PHOTO)
Georgia reports 259 new COVID-19 cases
Uzbekistan increases cement production
Uzbekistan leads in foreign direct investment sector
Volume of currency sold at NIMA exchange rate in Iran climbs
Overhaul of Azerbaijani ‘Rasul Rza' dry-cargo ship completed (PHOTO)
Azerbaijani Cabinet of Ministers discusses budget-related issues (PHOTO)
Georgia increases import of tea from Azerbaijan
Nobel winners to get $110,000 raise as prize money increased
Corn production in Azerbaijan grows
Iraq oil minister expects deal to up oil exports
Oil falls as demand growth concerns outweigh U.S. stock drawdown
Trading at Iran Mercantile Exchange revealed
Turkmen Rysgal Bank introduces digitalization in payment system
Kazakh Gas Refinery to buy welding equipment via tender
Less than 10,000 getting COVID-19 each day
Georgian taxpayers to finance harvest for viticulturists
Armenian armed forces targetted Azerbaijan's important energy, transport infrastructure in July - MFA
Azerbaijan's Az-Granata talks export, production plans to be done by year-end
President Ilham Aliyev receives credentials of incoming Swedish ambassador (PHOTO)
Iranian currency rates for September 24
Iranian member of chamber: railway potential of Azerbaijan and Iran can maximize trade cooperation
Operating revenue of Fluxys Belgium up
Kazakhstan abolishes death penalty
Fluxys Belgium rolling out programs to further reduce methane emissions
Fluxys Belgium sees significant drop in investments
Azerbaijani currency rates for Sept. 24
Compensation of closed Azerbaijani banks ongoing
Saudis warn U.N. of oil spot in shipping lane near decaying Yemen tanker
Some European refiners may leave market
Armenians destroying ancient Albanian monuments of Azerbaijan - historian
Turkmenistan, USAID consider possibility of implementing number of joint projects
SOCAR Trading eyes to create global integrated oil products desk
Armenia violates ceasefire with Azerbaijan 69 times
Azerbaijani Foreign Minister leaves to Georgia for official visit
Uzbekistan reveals its COVID-19 data for September 24
Israeli cabinet tightens coronavirus lockdown as infections climb
Iran seeks to join its power network to Russia and Azerbaijan
Istanbulites to vote for new planning of historical Taksim Square
Peace, friendship hallmarks of Iranian, Japanese nations: MP
Vice Minister of Healthcare of Kazakhstan relieved of her duties
WeWork sells control of China unit; says unit got $200 million in funding
Kazakhstan’s AIX taking measures to develop local mining companies
Kazakhstan to open General Consulate in Samarqand
Istanbul Airport receives ‘Chinese Friendly Airport’ certificate
US Ambassador Degnan says Georgia’s parliamentary elections should be fair, transparent, free
Zarif arrived in Moscow
Canada will spend big to combat coronavirus, saying now is 'not the time for austerity'
Chilean capital's metro in full operation after damage from social unrest
Brazil's COVID-19 death toll nears 139,000
3 policemen, 4 prisoners dead in foiled jailbreak attempt in Egypt
Saudi king stresses continuous efforts to promote global COVID-19 response
Egyptian FM heads to Jordan for quartet Arab-EU meeting on Palestinian cause
Belgium to relax face mask rules
Finland, Norway and Sweden announce wider military cooperation
Singapore to permit more people back to workplace in easing COVID-19 control measures
Money transfers from Azerbaijan to Russia down in 2Q2020
Vaezi: Legal proceedings underway to receive South Korea's debts
Turkmenistan to help Afghanistan complete railway to Tajikistan border
Exports of knitwear from Georgia to Turkey down
Kazakhstan raises chemicals import from Turkey
Mali risks 'economic paralysis' from post-coup embargo: trade group
New residents in Azerbaijan’s Balakhani Industrial Park
Georgia slightly ups import of grain, legumes from Turkey
Iran, Russia seeking to expand scientific cooperation
Italy's goods export to Kazakhstan down twofold
Anglo Asian Mining increases payments to shareholders
Uzbekistan slightly reduces imports of leather goods from Turkey
Get rewarded with Azercell!
Chairman of Public Organization of Udi people thanks Azerbaijan
Agricultural production up in Azerbaijan’s Nakhchivan
Iran's plan to develop paddy fields fails, farmers demand compensation
Iranian trucks carrying tomatoes stuck at Pakistani border
Saudi Arabia explores wind potential in Uzbekistan
Azerbaijan to purchase COVID-19 vaccine
Iran to develop power cooperation with Afghanistan
Iranian Energy Exchange announces products to be on sale September 26
IranAir to resume flights to Germany after several months
Volume of cargo movement through Azerbaijani ports increases
Iran discloses volume of wheat purchased in Ardabil Province
Energy Community: 2020 - remarkable year in terms of Georgia's ability to continue on its reform path
Iran to announce decisive decisions on combating COVID-19
Kazakhstan taking measures to increase railway border stations capacities
Tesla expects approval for battery cells plant in Berlin
UK Brexit border delays 'likely to worsen' in January
All news