Under the directives from Azerbaijan’s President, an increase in the minimum wage and minimum pension will be implemented across the country starting next year, Minister of Labour and Social Protection of the Population of the Republic of Azerbaijan Sahil Babayev said at the ministry’s board meeting, Trend reports.

Information was presented regarding efforts to enhance the regulatory legal framework in the areas of labor, pensions, disability, and other sectors as part of ongoing social reforms. It was noted that over 20 draft regulatory acts have been prepared related to the establishment of private pension funds.

Currently, a proactive approach is being taken to assign 52 types of benefits and pensions, with continued efforts to enhance the complexity of the mechanism for proactive assignment of social payments.

The minister emphasized that the ministry is conducting final medical examinations for citizens called to active military service using digital solutions.

Additionally, it was highlighted that during the past period, free funds from the State Social Protection Fund and the Unemployment Insurance Fund have been successfully invested in financial instruments, with the resulting income strengthening the social protection system.

The meeting also approved 26 professional and qualification standards in the fields of electrical engineering, trade, and mining.

Discussions included the work accomplished and upcoming tasks in employment, social insurance, pensions, disability, and social welfare, among other areas.

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