Overture Financial offers Azerbaijan to transfer 3 pct of social deductions for accumulation
The transfer of some social deductions on the actual accumulation will allow getting additional revenues and increase the amount of pensions in Azerbaijan, the president of the U.S company Overture Financial Mohammad Baki said at a presentation on "pension - insurance system in Azerbaijan in 2020: a look into the future, the results of actuarial studies" in Baku.
"The transfer of 3 percent on a real accumulation during 20 years will increase the pension by 5 percent, within 40 years - by 10 percent," he said.
He said that the deductions may begin in 2015. This will hit about 190 million manats per year.
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