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Pensionary Reforms Key Element For Armenia's Further Economic Develo

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  • Pensionary Reforms Key Element For Armenia's Further Economic Develo

    PENSIONARY REFORMS KEY ELEMENT FOR ARMENIA'S FURTHER ECONOMIC DEVELOPMENT

    /PanARMENIAN.Net/
    12.11.2009 19:03 GMT+04:00

    /PanARMENIAN.Net/ Pensionary reforms are key element for Armenia's
    further economic development, Troika Dialogue Board Chair Ruben
    Vardanyan finds. "That requires serious and cautious steps, as the
    impact is felt on vulnerable groups of population," he told journalists
    after official opening of Ameriabank's head office.

    Vardanyan also highlighted the importance of refraining from mistakes
    "not only now but also in 10-20 years' time". "Long-term money
    allocations are essential for any economy," he added.

    Armenian will introduce two-phase pensionary system in 2011, CBA Chair
    Arthur Djavadyan said November 10 in Tsakdzor, during the meeting of
    CIS countries' officials dealing with security market management.

    Laws on "Investment Funds" and "Cumulative Pensions", are currently
    at the stage of elaboration.
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