POLITICS
DRAFT LAWS ON PROVISION OF PENSIONS AND SOCIAL INSURANCE UNDER PREPARATION
The decree of President Ilham Aliyev “On measures for Acceleration of Social and Economic Development in Azerbaijan Republic” of November 24, 2003 says that to improve provision of pensions for the population, the draft law on speeding up reforms in the sphere of social insurance and pensions provision must be worked out and submitted to the President in 2 months. At present, executive bodies and experts of parliament are involved into this process. The new law will contain indexation, …etc. collection of social insurance is the vital issue to improve the provision of pensions. According to official statistics, there are about 3 million 743 thousand employed people. 1 million 303 of them are involved in social insurance. It means that one worker falls at one pensioner.
Another new draft law “On social insurance” is expected to be submitted to President soon. The approval of both documents should entail drastic changes.