MP: Insurance part of all pensions to increase by 15% in 2023

12:21 - 22.11.2022


November 22, Fineko/abc.az. "The growth of the insurance part of pensions is conditioned with an increase of the average monthly salary in the previous year. The average monthly salary in Azerbaijan has increased by 14.5% this year. By the end of the year, it will probably reach 15%. Due to this, the insurance part of all pensions will also grow by 15% next year."

ABC.AZ reports that Musa Guliyev, chairman of the Milli Majlis Committee on Labor & Social Policy, said that the increase will affect every pensioner:

"We proposed to increase the minimum pension at the expense of a significant increase in the subsistence minimum and the criterion of need. It may be decided to increase the minimum amount of pensions. This will probably be a positive response to our proposal. The government has positively regarded our proposal."

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