As a sign of respect, appreciation, and national gratitude to our beneficiaries who sacrificed their lives and health for our country, we are dedicated to providing the utmost support to our servicemen and their families to ensure a dignified life for them. Guided by the same principle, in January 2024 the ZINAPAH Board of Trustees came up with a landmark decision to index monthly compensation and additional payments for ZINAPAH beneficiaries increasing them by 26% effective from January 2024. This adjustment is aimed at offsetting the inflation since 2017 and reflects our unwavering dedication to those we serve. As a result of this initiative, the ZINAPAH annual liability increased by 4bln AMD.
The rise in compensation amount applies to both existing and new beneficiaries, with the exception of ZINAPAH compensation for servicemen with 3rd group disability. They will become eligible for indexing following certain legislative adjustments. ZINAPAH is cooperating with the Ministry of Labor and Social Affairs and the Ministry of Defense for legislative amendments so that the monthly compensations remain unchanged regardless of the disability group changes, which will be a big relief for the servicemen financially and morally.