Baku: Labor pensions in Azerbaijan will be indexed, APA reports. President of the Republic of Azerbaijan Ilham Aliyev has signed an Order to implement this change.

According to Azeri-Press News Agency, the decision to index labor pensions is part of ongoing efforts to adjust pension amounts in response to economic conditions. The move is aimed at ensuring that pension values remain consistent with the cost of living and inflation rates in the country.

The Order signed by President Aliyev underscores the government’s commitment to maintaining the financial stability of its retired citizens. This measure is expected to provide additional support to pensioners by adjusting their income to better match the economic environment.

The indexing of labor pensions is a significant step for Azerbaijan, reflecting a broader strategy to improve social welfare and economic resilience for its population.