In Azerbaijan, pensions are indexed every year on January 1st according to the annual growth rate of the average monthly salary. According to the State Statistics Committee’s report, the average nominal monthly wage of paid employees increased by 5.3 percent in January-February compared to the same month in 2025.
The final figure will be announced in February 2027.
Medianews.az reports that men retire at 65 years of age in Azerbaijan, while women retire at 64 and a half years. From July 1, 2026, the retirement age for women will also be raised to 65.
The minimum pension amount is 320 manat.
According to the law, for pension eligibility either 25 years of insurance experience or a minimum pension capital is required. The minimum pension capital is calculated by multiplying the minimum pension indicator (320) by the expected pension payment period (12 years) in months (144), currently amounting to 46,080 manat.
From January 1, 2006 to July 1, 2018, a person who accumulated pension capital of any amount and has at least 1 year of insurance experience is granted a pension; otherwise, a person who has reached retirement age receives a monthly allowance of 220 manat due to age.