Russia and Azerbaijan unite pensioners

Maria Novoselova / Vestnik Kavkaza

Russia's Federation Council approved today the law on the ratification of the Russian-Azerbaijani pension cooperation agreement.

According to the agreement, authorities of the two countries will take into account employment history of citizens both on territory of Russia and Azerbaijan for calculating pensions.

The Russian-Azerbaijani pension cooperation agreement was signed on April 26, 2022.

Moreover, the agreement applies not only to Russian citizens who worked in Azerbaijan and Azerbaijani citizens who worked in Russia, but also to their families.

Such seniority will be counted for all types of pensions, including insurance, funded, social and other types of payments from pension funds. Citizens have the right to choose where they will be paid a pension when moving to another country for permanent residence.

This agreement with Azerbaijan will allow Russians to retain their pension rights, including when emigrating from Russia, by summing up the employment history while working in both countries.

© Photo :Maria Novoselova / Vestnik Kavkaza