Over 1.3 million people of retirement age live in Azerbaijan

Over 1.3 million people of retirement age live in Azerbaijan

There are over 1.3 million people of retirement age in Azerbaijan as of October 1, 2018, which is 13.2% of the total population of the country, Azerbaijan's Ministry of Labor and Social Protection of Population said.

The average monthly pension in Azerbaijan this year increased by 8.4% compared to the same period of 2017, reaching 221.1 manat. The average monthly old-age pension increased by 9% to 249.1 manat over the same period. 

Funds allocated for pensions were 7.6% or 186.9 million manat more than in the first nine months of 2017, Trend reported.

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