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Tigran Sargsian: Armenian Governmemt Will Continue Work On Introduct

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  • Tigran Sargsian: Armenian Governmemt Will Continue Work On Introduct

    TIGRAN SARGSIAN: ARMENIAN GOVERNMEMT WILL CONTINUE WORK ON INTRODUCTION OF MULTISTAGE PENSION SYSTEM

    Noyan Tapan
    April 21, 2008

    YEREVAN, APRIL 21, NOYAN TAPAN. The activity program of the RA
    government envisages making the vulnerable groups protection policy
    most targeted, the prime minister Tigran Sargsian stated while
    presenting the re-appointed minister Aghvan Vardanian to the staff
    of the ministry of labor and social issues. According to him, it is
    necessary to identify precisely the vulnerable groups and provide
    targeted aid to them so that funds will not be wasted and will reach
    the families in need of this aid.

    The prime minister said that pension reforms and the introduction
    of a new concept will be the key tasks of the government in the
    next 5 years. The government will continue work on introduction
    of a multistage pension system, including the cumulative pension
    system. "The population should learn to save, while the young
    generation should assume responsibility for a well-off old age by
    participating in the cumulative pension system," he pointed out.

    In his words, a concept for introduction of the new system has been
    developed: "we have knowledge and a team of young experts capable of
    introducing the cumulative pension system in Armenia".

    From: Emil Lazarian | Ararat NewsPress
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