In particular, the sides discussed issues of implementing and eliminating the real storage component in pension-insurance system in Hungary, as well as the work of private pension funds. Hungary started to use the storage component in 1998, but abandoned it in 2011.
According to Muslimov, problems in the pension system are based on compulsory real accumulation, and in connection with this a complete or partial withdrawal from these systems once again prove the correctness of Azerbaijan`s conservative approach to the issue.
The sides also discussed a number of other issues of mutual cooperation.
More about:
