Pension reform
OLD-AGE MATERIAL SECURITY GUARANTEES IN PLACE TODAY Armenia has announced the startup of pension reforms: starting early next year Armenian citizens can apply to any licensed financial entity of their choice to make a first-ever contribution for future pension. This new multistage system will cover all the layers of society: it is fair, financially sustainable and transparent. What will happen if the new system fails to be introduced? The existing pension system runs on the... more »
