The average monthly pension is being increased in Azerbaijan.
Publika.az reports that this was reflected in the opinion of the Accounting Chamber on the budget of the DSMF for the next year.
It was noted that according to the statistical report “Pension No. 1 form” on labor pensions, as of January 1 of the current year, the average monthly pension amount for the country was 331.8 manats, while in the first half of the year, it increased by 36.2 manats or 10.9%. It was 368.0 manats, the increase occurred in all 3 types of pension.
In the first half of the current year, age pensions increased by 37.7 manats (10.4%), disability pensions by 31.8 manats (10.9%), and bereavement pensions by 29.8 manats (10.3%). , which happened due to increasing the minimum pension amount, indexation of the insurance part of labor pensions and payment of financial assistance to the persons who were assigned labor pension until January 1 of the current year. As the minimum pension amount was raised to a higher limit and the indexation of the insurance part of pensions was implemented in the first half of the year, a significant change in pension amounts was observed during this period. In the second half of the year, due to the fact that the circumstances that could cause a sharp change in the pension amounts are not expected, the average monthly pension amounts to the beginning of the next year have been predicted with a low increase.
Thus, at the beginning of the next year, against the background of the decrease of the average monthly pension due to age by 0.1 manat and the increase of the average monthly pension due to disability by 0.4 manat, the total average monthly pension increased by 1.4 manat 369.4 manats is expected to be at the limit, which is related to the expected increase in the type of pension due to the loss of the head of the family.
(report)
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