The Russian leader signed a law ratifying the pension agreement between Russia and Azerbaijan. It has already been adopted by the State Duma and the Federation Council. Now the participating parties will mutually recognize the time record accumulated in the territory of a neighboring country.
The President of the Russian Federation ratified the Russian-Azerbaijani Agreement on cooperation in the field of pensions provision.
Vladimir Putin signed the relevant federal law today.
Earlier, on March 14, the State Duma voted for the adoption of the pension bill. The next day it was approved by the Federation Council.
"The agreement is based on the desire of the contracting parties to deepen friendly relations and develop cooperation in the field of pensions provision,”
— Kremlin
The explanatory note clarifies that the law will help ensure the pension rights of citizens of both countries.
On the pension agreement between Russia and Azerbaijan
A bilateral agreement on pension cooperation was signed in Baku in April last year.
Its provisions apply not only to those who have directly gained seniority in a neighboring country, but also to their families. For all of them, when calculating the pension, the time during which they worked in a neighboring country will be taken into account.
In addition, when moving to permanent residence, the pension, if desired by the pensioner himself, will be transferred there.
Until the middle of last year, "pension" relations between Moscow and Baku were regulated by the pension agreement of the CIS countries. The law on its denunciation was issued by the head of the Russian state on June 11, it completely ceased to operate on June 30.
