Basic part of labour pension to be increased more than twice in next 2 years

According to the information given to APA from the State Social Protection Fund (SSPF), it was intended to increase base part of labour pension currently totaling AZN25 to AZN30 from April 1 and to AZN35 from October 1.

It was also reported from SSPF that it is planned to take similar actions in the following years, too. So, it is expected to increase this indicator to AZN60 in 2007. In addition, the indexation practice will also be used for determination of pensions in future and it means that rate of inflation will be taken into consideration when fixing pensions.