Commercial banks to engage in pension distribution starting 2021

Starting from next year, pensions will be distributed by commercial banks or specialized organizations.
In accordance with the Presidential Decree on Pensions, from January 1, 2022, a tender will be held every 3 years for the right to pay benefits, compensations and other payments.
The winning commercial bank or specialized organization will deliver pensions and benefits to the mahallas and living places of citizens.
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