According to Article 7 of the Law on Labour Pensions, persons who have reached the retirement age and accrued pension capital that is not less than the minimum pension amount or reached 25 years of insurance contributions, are entitled to an age pension (except for those who have been granted a labour pension for July 1, 2017).
The age limit for old-age pension envisaged in Article 7 of this Law is defined as follows increasing 6 months each year starting from July 1, 2017 to July 1, 2021 for men, from July 1, 2017 to July 1, 2027 for women:
|
Period |
Retirement age for men |
Retirement age for women |
|
July 1, 2017 – June 30, 2018 |
63 years 6 months |
60 years 6 months |
|
July 1, 2018 - June 30, 2019 |
64 years |
61 years |
|
July 1, 2019 - June 30, 2020 |
64 years 6 months |
61 years 6 months |
|
July 1, 2020 - June 30, 2021 |
65 years |
62 years |
|
July 1, 2021 - June 30, 2022 |
65 years |
62 years 6 months |
|
July 1, 2022 - June 30, 2023 |
65 years |
63 years |
|
July 1, 2023 - June 30, 2024 |
65 years |
63 years 6 months |
|
July 1, 2024 - June 30, 2025 |
65 years |
64 years |
|
July 1, 2025 - June 30, 2026 |
65 years |
64 years 6 months |
|
July 1, 2026 and later |
65 years |
65 years |
Age retirement pensions are determined on the basis of the application of a person entitled to that pension. The amount of the insurance portion (SH) of an old-age pension shall be calculated as the ratio of pension capital (PSK) to the expected number of months of pension payment (T). i.e. (SH = PSK / T).
The Law of the Republic of Azerbaijan "On Amendments to the Law of the Republic of Azerbaijan on Labor Pensions", approved by President Ilham Aliyev on December 21, 2018, came into effect on January 1, 2019. According to the law and the enacted change, from the beginning of 2019, the pensions are entitled electronically within the day of occurring the right to the labour pension of a person. Once the pension is assigned to the person, it is also informed of the amount of the pension, the bank branch from which the bank card will be received and the time via "sms", e-mail or official letter.
The retirement automation arrangement will cover 80 percent of those who will receive a pension right.
Automated retirement benefits do not cover the 20 percent of pensioners from the categories below:
- Under Article 9 of the Labor Pensions Law (those entitled to a labor pension on favorable terms)
- Article 20 of the Labor Pensions Act (Civil Servants, Military Servants, Special Ranks, MPs, etc.)
Continous work will be done in the legislation system to automate the pension assignment of citizens of the same category, as well as the establishment of electronic software with related institutions.
If individuals do not have the right to a labor pension and do not work, they can receive social benefits (220 AZN from 01.01.2023) when they reach the age limit in accordance to the Law of the Republic of Azerbaijan " On Social Benefits".
How to apply:
Citizens who are eligible for retirement pension can apply to the relevant "DOST" center or the structural unit of the State Social Protection Fund for registration in person or through a person acting by proxy.
| List of the required documents | |
1. An identity card or civil passport and in the case of foreigners and stateless persons, a permit giving the right to permanent residence in the territory of the Republic of Azerbaijan
2. Documents confirming general work (insurance) experience:
- Work-book;
- Copy of military ID or reference from State Service for Mobilization and Conscription;
- A relevant document confirming the full-time study period.
Eligibility period and the amount of pension:
The amount of pension is determined based on the pension capital registered in the insurance part of the personal account.
Note: The minimum pension is 280 AZN.
Age pension is assigned for life.