Around 1,228,800 people were registered with the State Social Protection Fund under the Ministry of Labor and Social Protection of Population of Azerbaijan as of January 1, 2021, Trend reports.

The State Social Protection Fund under the Labor and Social Protection Ministry has increased social support payments by 11.9 percent in January, the ministry reported on February 9.

By the decree of the President of Azerbaijan, the pension capital of the insurance part of individual accounts was indexed in accordance with the annual level of the consumer price index and has been increased by 2.8 percent since January 1, 2021, Director of the State Social Protection Fund under the Azerbaijani Ministry of Labor and Social Protection of Population, Himalay Mamishov said, Trend reports.

Pensions will be indexed and increased by 11.4 percent in Azerbaijan in accordance with the annual growth rate of the average monthly nominal wage in 2020, director of the State Social Protection Fund under the Azerbaijani Ministry of Labor and Social Protection of the Population Himalay Mamishov said.

Azerbaijan’s State Social Protection Fund is nearing completion of payment of the social support payments to family members of the second Karabakh war, the press service of the Ministry of Labor and Social Protection has reported.

The budget of the State Social Protection Fund of Azerbaijan for 2021 was discussed at a meeting of the country’s Parliament on Dec. 28, Trend reports.

The volume of the State Social Protection Fund’s expenditures increased by 24 percent or AZN 453 million ($266.4M) in the period between January and June in 2020 compared to last year, the Ministry of Labor and Social Protection of Population reported on August 6.

According to changes made by the State Social Protection Fund, pensions in three districts of Baku are assigned on a preferential basis on working conditions, local media reported on June 8 with reference to the Ministry of Labor and Social Protection.

Revenues of the State Social Protection Fund (SSPF) from January through April 2020 spiked by 39.6 percent compared to the same period of 2019, Minister of Labor and Social Protection of Population Sahil Babayev said in an interview to media representatives, Trend reports.

Azerbaijan’s State Social Protection Fund in 2019 ensured a refund of 320 million manats ($188 million) to the state budget, Minister of Labor and Social Protection of the Population Sahil Babayev said at a meeting on the results of 2019 chaired by President Ilham Aliyev on January 13.