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Azerbaijan's president raises pensions by $315.7M annually, benefiting 1.1M pensioners.
Azerbaijan's President Ilham Aliyev has announced a significant increase in pensions, allocating about $315.7 million annually for 1.1 million pensioners.
The increase is tied to the rise in the country's average monthly salary and will be distributed automatically without any application needed.
Additionally, the minimum pension will rise by 14.3%, from 280 to 320 manat.
A total of $851.8 million has been set aside to benefit 3 million citizens through various social payment increases.
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El presidente de Azerbaiyán aumenta las pensiones en 315,7 millones de dólares anuales, beneficiando a 1.1 millones de pensionistas.