IMPORTANT news for the population regarding pension capital

Member of the parliamentary committee on economic policy, industry and entrepreneurship Vugar Bayramov spoke about planned changes in the pension system of Azerbaijan.

As reported by BAKU.WS with reference to Xəzər Xəbər, the deputy announced that proposals have been made providing for the possibility of transferring up to 30% of a deceased person's pension capital to their heirs.

According to Bayramov, another important innovation is being considered - granting citizens the right to withdraw part of their pension savings before reaching the official retirement age. He noted that such practice is already successfully implemented in many developed countries, where people can use part of their pension capital after reaching a certain age, without waiting for retirement.