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Next week, the retirement age for women in Azerbaijan will be increased
Next week, the retirement age for women in Azerbaijan will be increased
Pension Payments Increased for These Individuals in Azerbaijan
Starting from July 1, 2026, the retirement age for women will be increased by another six months, reaching 65 years.
According to the Law on Labour Pensions, the retirement age for women is being gradually increased from July 1, 2017, to July 1, 2027, while the retirement age for men was increased from July 1, 2017, to July 1, 2021, by six months each year, and is determined as follows:
According to the law, a person who has reached the retirement age is entitled to an old-age labour pension regardless of their insurance record if the pension capital accumulated in the insurance portion of their individual account is sufficient to provide a pension that is not lower than the minimum labour pension amount. If the accumulated capital is insufficient, the person is entitled to an old-age labour pension only if they have at least 25 years of insurance service (except for those who were granted an old-age labour pension before July 1, 2017).
Individuals who have reached the retirement age but do not qualify for an old-age labour pension are entitled to receive an old-age social benefit under the Law on Social Benefits, provided that they are not employed. Since January 1, 2023, this benefit has amounted to 220 manats.
The amount of a pension is determined based on the pension capital accumulated in the insured person's individual account. Currently, the minimum pension amount is 320 manats. An old-age labour pension is granted for life.
It should be noted that the retirement age for women was last increased by six months on July 1, 2025, reaching 64 years and 6 months. This threshold remains in effect until June 30, 2026.
Pension Payments Increased for These Individuals in Azerbaijan
Starting from July 1, 2026, the retirement age for women will be increased by another six months, reaching 65 years.
According to the Law on Labour Pensions, the retirement age for women is being gradually increased from July 1, 2017, to July 1, 2027, while the retirement age for men was increased from July 1, 2017, to July 1, 2021, by six months each year, and is determined as follows:
According to the law, a person who has reached the retirement age is entitled to an old-age labour pension regardless of their insurance record if the pension capital accumulated in the insurance portion of their individual account is sufficient to provide a pension that is not lower than the minimum labour pension amount. If the accumulated capital is insufficient, the person is entitled to an old-age labour pension only if they have at least 25 years of insurance service (except for those who were granted an old-age labour pension before July 1, 2017).
Individuals who have reached the retirement age but do not qualify for an old-age labour pension are entitled to receive an old-age social benefit under the Law on Social Benefits, provided that they are not employed. Since January 1, 2023, this benefit has amounted to 220 manats.
The amount of a pension is determined based on the pension capital accumulated in the insured person's individual account. Currently, the minimum pension amount is 320 manats. An old-age labour pension is granted for life.
It should be noted that the retirement age for women was last increased by six months on July 1, 2025, reaching 64 years and 6 months. This threshold remains in effect until June 30, 2026.