President signs an order on indexation of labour pensions

17:36 - 6.02.2020

February 6, Fineko/abc.az. Azerbaijani president Ilham Aliyev has signed a decree on indexation of labor pensions.

Under the decree, the Ministry of Labor & Social Protection is tasked to index the amounts of pension capitals registered in the insurance part of individual accounts in the individual accounting system in accordance with the annual level of the insurance part of all types of labor pensions and the consumer price index in compliance with the annual growth rate of the average monthly nominal wage set by the State Statistics Committee for 2019.

 

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