President signs order on indexation of labour pensions ‘ insurance part

President Ilham Aliyev has signed an order on indexation of the insurance part of labour pensions.

 Under the order, the State Social Protection Fund has been instructed to provide the increase of the insurance part of labour pensions as of 1 January 2014 in accordance with the index of consumer prices in 2013, and carry out the indexation of pension capital amounts accumulated in the insurance part of individual accounts in the individual account system, APA Economics reports.

/Apa/