They proposed an innovation in the calculation of pensions

“In addition to quantitative indicators, I propose using qualitative criteria in calculating pensions.”

According to “Qafqazinfo”, deputy Vugar Bayramov commented on the draft law “On the budget for 2025 of the State Social Protection Fund”, discussed today in the plenary session of the Milli Majlis.

“Thus, when calculating the amount of the labor pension, the amount of the pension capital is calculated by dividing it by the average pension period, that is, by the factor 144. As a result, it is clear that the amount of the pension of those who no “We do not have a high capital, indicators such as the number of children in the family should not be used. With this, families with many children will have the right to retire earlier, as well as the opportunity to receive a higher pension,” said the deputy.

The deputy also said that another point is the calculation of the pension amount of our citizens who have accumulated less than the pension capital necessary for labor pensions, that is, 40,320 manats:

“The implementation of the pension amnesty by order of the president created the right to a labor pension for a large number of our citizens, despite the fact that their savings are low. This should be highly valued. In addition, it would be good to take into account the savings of our citizens whose savings are close to the minimum capital required when determining the amount of the pension. In this sense, a differential approach is necessary.