President orders to raise wages, pensions
President Ilham Aliyev has ordered to raise the minimum monthly
wages and labor pensions in Azerbaijan, effective on September
1.
The minimum wage will increase 25% to 75 manats ($92), according to a presidential decree enacted on Monday.
Citizens claiming retirement benefits will also receive 75 manats, on average. The figure represents a 25% raise as well. The measure is expected to improve the living standards of over 1.2 million Azerbaijani pensioners.
$22.2 million will be transferred to the State Social Security Fund every month to carry out the measure.
The minimum wage will increase 25% to 75 manats ($92), according to a presidential decree enacted on Monday.
Citizens claiming retirement benefits will also receive 75 manats, on average. The figure represents a 25% raise as well. The measure is expected to improve the living standards of over 1.2 million Azerbaijani pensioners.
$22.2 million will be transferred to the State Social Security Fund every month to carry out the measure.
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