Azerbaijan, Baku, Feb. 13 / Trend A.Akhundov /
The average monthly amount of labor pension in Azerbaijan grew by 28.7 per cent to 145.2 manat, and the average monthly retirement pension grew by 36.4 per cent to 160.4 manat, chairman of the State Fund for Social Protection of Azerbaijan Salim Muslimov said at a board meeting on Monday.
The ratio of average monthly labor pension to the average amount of wages in the country amounted to 40 percent, for labor pensions by age the figure was 45 percent," the chairman of the State Fund said.
He said work on automation of fixing pensions and allowances accelerated in 2011.
"Building of a corporate network between the apparatus of the fund and bodies on the ground completed. We are working to prepare software for operations from a single center," Mr Muslimov said.
The number of people registered in the system of individual registration increased by 166,400 compared with the beginning of 2011.
The official exchange rate is 0.7863 AZN to $1 on Feb.13.
