Published: 17.08.2020.

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Overall objective of the Twinning project

Development of the insurance-pension system in Azerbaijan.

Achieved Mandatory Results in the implementation of the Twinning project

  • Relevant pieces of legislation elaborated for establishment of the funded component in the state pension system
  • Technical description of the mechanism for accumulations and management of the funds on the individual funded accounts elaborated
  • Relevant pieces of legislation elaborated to facilitate the development of non-state pension institutions
  • Capacity of the relevant SSPF staff enhanced through training and coaching to ensure effective launch and implementation of the funded component in the state pension system
  • A communication strategy elaborated to raise public awareness concerning the new funded component of the state pension system

 

Structure of the Twinning project

Component 1
Capacity building aimed at
implementation of the funded
component in the state insurance
pension system (“second pillar”)
(to achieve the first and the
second results)

 Component 2
Capacity building aimed
at the development
of non-state pension funds
(“third pillar”)
(to achieve the third result)
Capacity building activities
(to achieve the fourth result)
Public awareness raising activities
(to achieve the fifth result)
Component 0

 

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Years

2014

2015

Months

4

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

Project month

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

Component 0: General activities

 

Activity 0.1.

 

  

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Activity 0.2.

 

 

 

 

 

 

 

 

 

 

 

 

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Activity 0.3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Component  1     Capacity building aimed at implementation of the funded component in the state insurance pension system (“second pillar”)

 

Activity 1.1.

 

 

 

    

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Activity 1.2.

 

 

 

 

 

 

 

 

 

 

 

 

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Sub-activity 1.2.1.

 

 

 

 

 

 

 

  

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Sub-activity 1.2.2.

 

 

 

 

 

 

 

 

 

 

 

 

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Activity 1.3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-activity 1.3.1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sub-activity 1.3.2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

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Sub-activity 1.3.3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 2.1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

 

 

Sub-activity 2.1.1.

 

 

 

 

 

 

 

 

 

 

  

 

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Sub-activity 2.1.2.

 

 

 

 

 

 

 

  

 

 

 

 

 

 

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Sub-activity 2.1.3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

 

 

Activity 2.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-activity 2.2.1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sub-activity 2.2.2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 C

 

 

 

Component 2  Capacity building aimed at the development of non-state pension funds (“third pillar”)

 

Activity 3.1

 

 

 

 

 

 

 

 

 

 

 

 

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Sub-activity 3.1.1.

 

 

 

 

 

 

 

 

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Sub-activity 3.1.2.

 

 

 

 

 

 

 

 

  

 

 

 

C

 

 

 

 

 

 

Activity 3.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

Activities relating to both components

 

Activity 4.1

 

 

 

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Activity 4.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Activity 4.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

Activity 4.4

 

 

 

 

 

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Activity 5.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

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Activity 5.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

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Activity/sub-activity/action Planned

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Activity/sub-activity/action Completed  by experts

 

 

The FIRST  Mandatory Result of the Twinning project

  • Relevant pieces of legislation elaborated for establishment of the funded component in the state pension system
  • Activity 1.1. Carrying out the study on demographical, economic situation of Azerbaijan.
  • Activity 1.2. Development of a blueprint of the funded component in the multi-level state pension system.
  • Workshop “On possible solutions for development of multi-level pension system in the Republic of Azerbaijan (beginning of development of blueprint)” presentations:

Activity 1.3. Development of the legislation in relation to the funded component in the multi-level state pension system.

Workshop “On the draft of law on Funded part of Labour pensions with the relevant stakeholders” presentations:

The SECOND  Mandatory Result of the Twinning project

  • Technical description of the mechanism for accumulations and management of the funds on the individual funded accounts elaborated
  • Activity 2.1. Thorough assessment of management processes and IT systems of the SSPF.
  • Assessment report (AR) on the management processes at the SSPF (ANNEX 18) with annexes:

Activity 2.2. Development of the mechanism for accumulations and management of funds on the real funded accounts.

Workshop “On the proposed technical solutions to the management systems, including IT systems” presentations:

The THIRD  Mandatory Result of the Twinning project

  • Relevant pieces of legislation elaborated to facilitate the development of non-state pension institutions
  • Activity 3.1. Development of a blueprint to facilitate and regulate the development of private, voluntary, pension arrangements.
  • Workshop “On possible solutions for development of multi-level pension system in the Republic of Azerbaijan (beginning of development of blueprint)” presentations:

Activity 3.2. Drafting of legislation to facilitate and regulate private, voluntary, pension arrangements, workshop on the draft of law on Private Pension funds with the relevant with the relevant stakeholders and finalization the legislation.

Workshop “On the draft law on Private Pensions Funds with the relevant stakeholders” presentations:

The FOURTH  Mandatory Result of the Twinning project

  • Capacity of the relevant SSPF staff enhanced through training and coaching to ensure effective launch and implementation of the funded component in the state pension system
  • Activity 4.1. In-depth presentation of the state pension system of the EU MS to relevant SSPF staff and other stakeholders.
  • Presentation of the state pension system of the EU Member States: Latvia, Germany and Sweden and insurance-pension system of the Republic of Azerbaijan:

Activity 4.2. Conducting a training needs analysis of the relevant SSPF staff.

  • Activity 4.3. Training relevant SSPF staff.
  • The first training session’s – presentations:

The second training session’s – presentations:

The third training session’s – presentations:

The fourth training session’s – presentations:

The fifth training session’s – presentations:

Activity 4.4. Study visits for a maximum of three SSPF staff to the EU MS.

The FIFTH  Mandatory Result of the Twinning project

  • A communication strategy elaborated to raise public awareness concerning the new funded component of the state pension system
  • Activity 5.1. Drafting a communication strategy to raise public awareness concerning the new funded component of the state pension system and non-state pension funds.

Activity 5.2 Launch of pilot communication activities to raise public awareness of the pension system.

Component 0: General Activities

  • Activity 0.1. Kick-off conference
  • Presentations:
  • Activity 0.2. Thematic mid-term project visibility event
  • Presentations:
  • Activity 0.3. Closing Conference
  • Presentations: