Azerbaijan will index the insurance part of labor pensions

President of Azerbaijan Ilham Aliyev has signed a decree on indexation of the insurance part of labor pensions.

According to the decree, the State Social Protection Fund is instructed to provide an increase of the insurance part of labor pensions of all kinds; carry out indexation of amounts of pension capital accumulated in the insurance part of personal accounts in the system of personal accounts. All this must be done in accordance with the consumer price index for 2014, January 1, 2015, Trend leads the message.

The Cabinet of Ministers was commissioned to resolve issues arising from the order.