21.10.2014 - 15:05 [ trend.az ]

Azerbaijan to introduce German-like pension system

The project named “Support to the State Social Protection Fund on the introduction of funded element within the insurance–pension system, establishment of non–state pension funds and development of legal framework for regulating their activity” will involve ordinary people in the process of creation of their own pension and will develop the ways of development of non-state pension system which is very common in many European countries including Germany.