LAW OF THE AZERBAIJAN REPUBLIC

of November 27, 2001 No. 221-IIQ

About individual accounting in system of the national social insurance

This Law establishes the legal basis and the principles of the organization of personal accounting of the data necessary for providing the stipulated by the legislation rights insured for social protection.

Section I. General provisions

Article 1. Basic concepts

1.1. The main terms used in this Law have the following values:

1.1.1. individual accounting in system of the national social insurance (further - individual accounting) - the organization and accounting of data, the stipulated in Article 5.2 presents of the Law, concerning each insured person for providing the right to work pension and other rights in the field of social protection according to the laws of the Azerbaijan Republic;

1.1.2. individual personal account - the account opened by the insurer on everyone insured with social security number in which data of individual accounting are reflected;

1.1.3. the social security number (SSN) - the permanent (invariable) number assigned by the insurer insured.

1.2. Other concepts used in this Law have the values provided by the Labor code of the Azerbaijan Republic, the laws of the Azerbaijan Republic "About work pensions" and "About social insurance".

Article 2. Purposes of individual accounting

2.0. Treat the purposes of individual accounting:

2.0.1. creation of information base consisting of data, the stipulated in Article 5.2 presents of the Law for realization, enhancement of the national social insurance, charge of work pensions depending on the amount of fees on compulsory national social insurance and insurance years of service;

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