Baku, Azerbaijan, April 17. Following recent
amendments to the Law on “Labor Pensions,” certain citizens,
including mothers of multiple children, who retire under
preferential conditions, will have their pensions paid from the
state budget during the preferential period in Azerbaijan, Trend reports.
These changes were approved in the second reading by the
nation’s Parliamentary Committee on Labor and Social Policy and
recommended for a plenary session.
MP Vugar Bayramov shared the details of the changes on his
Facebook account, explaining that many of the inquiries received
concerned the age-based benefits and how these funds will be
paid.
“According to the legislation, citizens who are not entitled to
receive labor pensions can still access early benefits under
preferential terms. In particular, the legislation requires either
a minimum pension capital or 25 years of work experience to qualify
for a labor pension.
Since a pension amnesty has been implemented in Azerbaijan,
individuals who had even one manat in their pension account before
July 1, 2018, are eligible to receive pensions. However, if none of
these conditions are met, age-based benefits will be paid instead,”
he said.
According to Bayramov, based on the Law on “Social Benefits,”
women with five or more children will have their age for receiving
benefits reduced by five years, provided the children are alive
until the age of eight.
Additionally, for women with children who have a disability, the
age for receiving the benefit is similarly reduced by five years,
under the condition that the children are alive until the age of
eight.
“This means that such women will begin receiving the benefit at
59 years old. Additionally, for women with children who have a
disability, the age for receiving the benefit is similarly reduced
by five years, under the condition that the children are alive
until the age of eight. These preferential conditions, similar to
labor pension rights, mean that women in this category can receive
the benefit five years earlier. Therefore, if a woman in this
category uses this right, she will receive the benefit at 59, while
for men, the age is 60.
This benefit is automatically assigned without the need for any
formal application or documentation, following a proactive
approach. Furthermore, social benefits will be paid for up to three
years prior to the date of the application if the individual is
eligible,” Bayramov added.
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