A new procedure to be followed in paying pensions
Following today’s cabinet sitting, Minister of Labor and Social Affairs Arthur Grigoryan commented on the government-approved pension payment scheme. According to the minister, the new order of pension payment as stipulated by the pension reform will be effective as of January, 2011 in cash and non-cash forms. Non-cash payments will be effectuated via bank accounts enabling the pensioners to dispose of the sums available on their bank accounts without timing restrictions using a... more »
