Since the restoration of state independence, the highest number of pensioners in Azerbaijan was recorded at the beginning of 2006 (1,398.8 thousand people), and the lowest number of pensioners dropped by the beginning of 2024 (1,095.9 thousand people).
Medianews.az reports that national statistics showed the number of pensioners as 1,372.7 thousand in 2005, 1,326.8 thousand in 2004, 1,318.4 thousand in 2018, 1,315.2 thousand in 2017, and 1,308.4 thousand people in 2010.
For 2016, the figure was 1,299.9 thousand, for 2019 1,295.5 thousand, for 2011 1,292.1 thousand, for 2015 1,290.9 thousand, for 1992 1,287.7 thousand, for 2003 1,285 thousand, for 1995 1,282.9 thousand, for 2012 1,277.6 thousand, for 2014 1,277 thousand, for 2009 1,275.1 thousand, for 2013 1,272.1 thousand, and for 2020 1,270.5 thousand people received pensions.
For 1994, it was 1,250.9 thousand, for 2008 1,248.7 thousand, for 1997 1,245.4 thousand, for 2002 1,245 thousand, for 2021 1,228.8 thousand, for 1996 1,226.8 thousand, for 1998 1,206.4 thousand, for 2007 1,226.8 thousand, for 2001 1,218.6 thousand, for 2000 1,202.1 thousand, and for 2022 1,200.5 thousand people were registered as pensioners.
For 1999, the number was 1,176.5 thousand, at the beginning of 1991 (the year of independence restoration) 1,127 thousand, for 1993 1,118 thousand, for 2023 1,114.2 thousand, for 2026 1,098.7 thousand, and for 2025 1,098.3 thousand people were declared to be pensioners.
In Azerbaijan, men retire at age 65, women at 64 and a half. Starting from July 1, 2026, the retirement age for women will also increase to 65.
The minimum pension amount is 320 manats.
According to the law, to be eligible for pension assignment, either 25 years of insurance experience or a minimum pension capital is required. The minimum pension capital arises from multiplying the minimum pension indicator (320) by the expected pension payment duration (12 years) in months (144), currently amounting to 46,080 manats.
From January 1, 2006, to July 1, 2018, a person who accumulated any amount of pension capital and has at least 1 year of insurance experience is granted a pension; otherwise, a person who reaches retirement age receives a monthly allowance of 220 manats based on age.