Pension Cards in Azerbaijan Re-Issued with a Period of Five Years
Azerbaijan, Baku / corr. Trend I.Khalilova / The processing center Azerikard plans to complete the re-issue of pension cards due to them expiring after a 3-year period. Currently 98-99% of pensioners receive their pensions via plastic cards. Cards have been provided to 950,000 pensioners.
The re-issuing of cards began in March in Baku. Nearly 5-6,000 cards are re-issued per month. At present the period of the cards is up to five years.
Since last year, the State Social Protection Fund has been carrying out work over automation of pension payments. The fund uses the International Bank of Azerbaijan and Capital Bank as agent banks. The pension project has been in operation for four years with the participation of the international payment system Visa International., of which plastic cards are used for pension payments.