Pensions

Pensions | 12.03.10 | 17:27

Pay now, enjoy later: a new accumulated pension system raises some concern

By Siranuysh Gevorgyan

The compulsory accumulated pension system, which will be introduced in Armenia in January 1, 2011, concerns not only citizens but also some specialists.

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Pensions | 27.11.09 | 16:00

Retirement planning: Crisis delays pension reform in Armenia

By Gayane Abrahamyan

The introduction of a new pension system planned for 2010 will be delayed by a year mainly because of the financial and economic crisis.

The new retirement plan (now expected to go into effect on January 1, 2011) envisages that citizens under 40 will be saving their future pensions themselves, paying five percent of their salaries every year, on which the state pledges to add an equivalent sum.

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Pay now, enjoy later: a new accumulated pension system raises some concern

it is very good that at least the administration is thinking of a pension system, very positive. as an opinion on its current conditions, i think first you need to stabilize inflation and the dram/dollar exchange rate. 5% each year will barely cover the inflation rate for the next year, and just lately the dram lost 5% of its value in 1-2 weeks. and what will be the return on this 5%? in my humble...

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