Recipients of pension of 300 manats increased

13:25 - 17.01.2023


January 17, Fineko/abc.az. "A citizen receiving a pension of 300 manats now has pension of 316.7 manats. But this is by no means the only growth this month," ABC.AZ reports, quoting MP Vugar Bayramov.

He noted that in the first 10 months of 2022 the average monthly nominal salary increased by 14.5% against the same term of 2021. This means that pensions will be indexed by about 15% in January 2023, if the current trend continues. A more precise figure will be announced by the end of this month.

"Although the first increase will take effect from tomorrow, but the official statistics on the growth of average monthly wages in 2022 will be known at the end of January, and indexing will also be carried out then. Pension allowances are accrued from 1 January, but the second allowances will be paid together in February. And the amount of assistance added to the pension will be paid starting from this month. This means that a citizen receiving a pension of 300 manats will receive 316.7 manats in January, 411.7 manats in February, and 364.2 manats from March.

Once again, I want to note that indexing may have small changes in these figures depending on the percentage. But the general mechanism has already been approved. However, significant changes in the percentage of indexation compared to the figure we indicated are not expected," the MP added.

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