Pensions are calculated incorrectly in Azerbaijan - Should be more

As is known, labor pensions in Azerbaijan are calculated in accordance with the Law on Labor Pensions.
Yeniavaz.com reports that Article 10 of the Law "On Labor Pensions" clearly states how the amount of labor pension is calculated depending on age.
According to the requirements of Article 10 of the law, the amount of the pension is determined by dividing the pension capital accumulated in the personal account of a citizen during his working life by the expected period of payment of the pension.
The expected period of payment of a pension is the difference between life expectancy and retirement age.
According to the latest data from the State Statistics Committee, the average life expectancy in Azerbaijan is 73.6 years. The current retirement age is 64 (men 65, women 63). From here we see that the expected period of payment of the pension is 9.6 years (115 months).
However, it is very strange that when calculating the pension, the estimated period of payment of the pension is assumed to be 144 months (12 years). The Decree was signed by the President in 2006 and there has been no change in the expected pension period for the past 17 years.
However, as we have already mentioned, it is clear from the SSC data that the expected period for the payment of pensions in Azerbaijan is changing.
In the event of a change in the expected period for the payment of pensions, the pensions of Azerbaijani citizens are calculated incorrectly due to the calculation based on fixed figures that do not change.
As stated in the legislation, if the expected period of payment of a pension is equal to the difference between average life expectancy and retirement age, then citizens should receive a higher pension.
For example, a citizen born in 1959 turns 64 in 2023 and retires. Currently, according to the current legislation, the pension capital accumulated on a citizen's personal account is divided into 144 months (12 years is the expected period for paying a pension). If a citizen has accumulated 50,000 manats of pension capital on his account, it is divided by 144 (50,000/144) and a pension is assigned to him in the amount of 347 manats.
However, the life expectancy of a citizen born in 1959 is 70.9 years. Given that the current retirement age is 64 years, the expected period for the payment of a pension for this citizen will be 83 months (6.9 years). In this case, the 50,000 manats accumulated on the citizen's account should be divided by 83 instead of 144 (50,000/83) and he should be given a pension of 602 manats instead of 347 manats.
It should also be noted that in some countries, when calculating the pension, the expected period of payment of the pension is taken into account. However, the expected period of pension payments in these countries is updated annually in line with changes in life expectancy and retirement age. For example, in Russia every year in December a law on the expected retirement period is adopted.

A. Jafarov