Azerbaijan, Baku, Dec.14 / Trend, A.Akhundov /
To further deepen pension reform, a new state program covering 2016-2020 will be prepared, the Draft Development Concept "Azerbaijan - 2020: The Vision of The Future" says.
"In order to organize reliable social protection, consistent measures under the
ongoing "State program on the development of insurance-pension system in the Republic of Azerbaijan in 2009-2015" will be continued. To further deepen pension reform, a new
state program covering 2016-2020 will be prepared," the draft says.
This will result in improving the obligatory state social insurance system, private and state pension collection procedures established.
"Obligatory state social insurance fees will be channeled into accumulation
accounts, voluntary pension insurance introduced and non-state pension funds involved in managing the funds on individual accumulation accounts.
Also, citizens will easily access information on the amount accumulated in their individual social insurance accounts using various resources," the draft says.
"The registration of insurers will be fully automated, insurants automatically listed in
the state social insurance system, electronic processing of obligatory state social
insurance reports and information about insurants introduced, and electronic audits of
insurers conducted. Besides, there will be no more need for submitting any documents, all applications will be processed electronically and pensions automatically appointed from a single center," the draft says.
To ensure decent living standards for working citizens, measures will be taken to
raise the minimum wage, depending on economic development, to the subsistence
minimum in line with the European norm of 60 per cent of the monthly wage, increase the share of salaries in total population incomes and reduce income-based differentiation by further social protection measures. Measures will be taken to create safe and healthy working environment for citizens and a state program adopted to protect labor and monitor the situation in the labor market.