SOCIAL PENSIONS WILL BE PAID SINCE 2006 BY LABOR MINISTRY AS SOCIAL ALLOWANCES
Since 2006 social pensions will be paid by the Ministry of Labor and Social Security as social benefits. In this regard 200 billion AZM are allocated from he budget, the Minister of Labor and Social Security Ali Nagiyev told Trend.
Nagiyev also noted, introduction of principles of the targeted social aid as of the next year is a new method today. According to the Minister, the methods for implementation of these measures are currently under development, the law on minimum living wage is passed, legal documents are also elaborated. "After these laws and legal acts signed by the President implementation of measures based on these documents will startвЂќ, the Minister said.
According to Nagiyev, such a system will divide pensions and benefits. "Allowances will be funded by the budget, and pensions will be based on pension deductions and this proposal is acceptableвЂќ, the Minister noted.