2024-10-06 15:34:10
If private pension funds are created, pensions can increase rapidly. The Ministry of Labor and Social Protection of the Population has prepared more than 20 legislative sub-projects in this regard. The creation of these funds can be started after the projects are accepted in the Milli Majlis. According to Xezerxeber.az,
Member of Milli Majlis Vugar Bayramov believes that it is important to create private funds. Thus, the citizen pays the social insurance fee deducted from the monthly salary he receives in exchange for his work to the DSMF every month. However, later he applied to this institution and asked for his social insurance to be transferred to a new fund. After that, the amount is paid here. Here a personal account is opened for him and the amount is collected there. When a citizen retires, it becomes a payment base for him. It is true that a certain amount of funds are paid here from the state budget, but the main base part is formed at the expense of citizens’ social payments.
Vugar Bayramov noted that the formation of the legislative base can ensure the creation of such funds in a shorter period of time.
According to him, by paying a small part of his salary or income to the pension fund on a monthly basis, when he reaches retirement age, a citizen can receive a pension from two sources – both the state and the private pension fund, which can be an impetus for strengthening his social security. .
Xezerxeber.az presents more detailed video material on the topic.