“The Cupboard of Ministers has amended the Legislation on “Figuring out, calculating, recalculating, shifting and paying exertions pensions”. The newest determination of the Cupboard is expounded to the adjustments mentioned within the legislation “On Exertions Pensions” and thereby provides to the law of pension calculation. .
Yenisabah.az MP Vugar Bayramov mentioned this.
In step with him, the brand new laws licensed via the Cupboard of Ministers supply for converting the carrier age of army workforce when pensions are calculated, and the legislative adjustments additionally replace the mechanism for calculating pension quantities:
In step with the adjustments made within the legislation “On exertions pensions”, the share of the complement for the period of carrier for the minimal carrier length is larger from 50 to 65. On the similar time, for each and every 12 months of army carrier over 25 years – 2 % of the corresponding safety price (serving within the protection machine and for people – 3 %. Which means that if the pension quantity was once calculated via taking 50 % consistent with the former laws, this determine will likely be 65 %. This will likely serve to extend the pension quantity that suggests, underneath those prerequisites, there will likely be an building up within the pensions of our retired army workforce”.
V. Bayramov mentioned that consistent with the adjustments, our servicemen who finished no less than 17 years of carrier via January 1, 2024 can retire after finishing two decades:
“This is, if our serviceman has served for 17, 18 or 19 years and after the brand new adjustments, he needs to retire after two decades of carrier as a substitute of 25, the legislation will make it conceivable. On this case, our serviceman can retire both when he completes two decades of carrier, relying on his needs. or 25 years of carrier and will earn the proper to a pension with a better quantity. With this, an choice is obtainable for our servicemen who’ve 3 years left to retire. Alternatively, energetic army servicemen, ensigns and for midshipmen, the age restrict for energetic army carrier in peacetime is larger from 45 to 48.
The primary objective of this variation is to make certain that the discussed army workforce are in army carrier for the minimal length of carrier (inside 25 calendar years) to be able to retire as army workforce, in addition to to get pleasure from their enjoy extra successfully and for a very long time.
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