02-09-2010 10:08:16

Azerbaijan ranks second in CIS on social security: officials

BAKU – Azerbaijan ranks second in the Commonwealth of Independent States for the amount of minimum pension that stands at $106, the social security body has said.

The South Caucasus republic is behind only Kazakhstan, where the figure is $124.2, Salim Muslimov, chairman of the State Social Protection Fund, told reporters Wednesday.

Azerbaijani President Ilham Aliyev enacted a decree Tuesday raising minimum pensions in the country by 13.3%, from 75 manats to 85 manats ($106) from September 1.

According to Muslimov, the minimum pension is $21.6 in Armenia, $82.1 in Belarus, $17.1 in Kyrgyzstan, $48.5 in Moldova, and $90.2 in Russia. The figure makes up $18.3 in Tajikistan, $55.3 in Uzbakistan, and $89.8 in Ukraine.

As for non-CIS former Soviet republics, the pension is $91.7 in Latvia for people with 20-year-long work experience, $135.7 in Lithuania, and $167 in Estonia.

Muslimov said that as of July 1, there are 1,291,000 retired people in Azerbaijan, with the figure expected to reach 1,308,000 by the end of 2010.

TAGS: Azerbaijan, Baku, Commonwealth of Independent States, South Caucasus republic, Kazakhstan, Salim Muslimov, State Social Protection Fund, Ilham Aliyev, minimum pension, Armenia, Belarus, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbakistan, Ukraine, non-CIS former Soviet republics, Latvia, Lithuania, Estonia