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ORDER OF THE PRESIDENT OF THE AZERBAIJAN REPUBLIC

of January 22, 2007 No. 1897

About indexation of insurance part of work pension and the pension capital which is saved up in insurance part of personal accounts of insurers

According to article 29.2 of the Law of the Azerbaijan Republic "About work pensions" and for the purpose of strengthening of social protection of pensioners on work I decide:

1. Charge to the State Social Security Fund of the Azerbaijan Republic to perform indexation of insurance part of work pensions and the pension capital which is saved up in insurance part of personal accounts of insurers for January 1, 2007 according to the level of consumer price index for 2006.

2. To the Cabinet of Ministers of the Azerbaijan Republic to resolve the issues following from this Order.

3. This Order becomes effective from the date of its signing.

 

President

Azerbaijan Republic Ilham ALIYEV

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