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Economy

Baku and Tashkent agree to count each other's pension years

The pension agreement signed at Sunday's Tashkent summit lets citizens who worked in both countries stack their service years for eligibility, with each state paying the share earned on its territory. The terms were published on Monday; ratification is still ahead.

Baku and Tashkent agree to count each other's pension years

The mechanics, per the text described by Tashkent outlets on Monday: service years in the two countries add up for pension eligibility; each country calculates and pays its own share for work done on its soil; a pension survives relocation to the other country or to a third state without reduction or suspension.

Applications filed in either country count in both. Documents move between the two pension agencies directly, and the competent institutions exchange data the same way.

The agreement takes force after domestic procedures in both capitals, and a separate administrative agreement is to set the implementation detail.

Applications filed in either country count in both.

It is the piece of Sunday's package aimed at people. The summit set a $1 billion trade goal for 2030; the pension annex makes service years portable between the two labor markets, and it will be measured in processed files, on a clock that starts only after ratification.