Ongoing successful reforms have enabled a steady increase not only in all social payments but also in pensions and the funds allocated for this purpose.
From 2018 to 2025, the average monthly pension increased from 208 AZN to 540 AZN, and the average monthly age-related pension rose from 234 AZN to 575 AZN. Next year, these figures are expected to reach 590 AZN and 629 AZN, respectively.
This corresponds to a 2.8-fold increase in the average monthly pension and a 2.7-fold increase in the age-related monthly pension compared to 2018.
At the same time, next year, the funds allocated for pension financing will reach 7.993 billion AZN, which represents a 2.3-fold increase compared to 2018.