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Tightened Control In Pensions Payment Helps Save 3.3 Billion Drams O

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  • Tightened Control In Pensions Payment Helps Save 3.3 Billion Drams O

    TIGHTENED CONTROL IN PENSIONS PAYMENT HELPS SAVE 3.3 BILLION DRAMS OF BUDGET MONEY

    /ARKA/
    MAY 12, 2011
    YEREVAN

    YEREVAN, May 12. / ARKA /.Tightened control over the sphere of pensions
    payment has helped save 3.3 billion drams of budget money in the first
    quarter of 2011, Ishkhan Zakarian, head of the parliament~Rs Audit
    Chamber said today, when reporting to lawmaker on the activities of
    the agency in 2010.

    He said inspections conducted in 2010 by Audit Chamber revealed
    numerous violations in pensions payment system, including incorrect
    calculation of seniority, payment of pensions to deceased people and
    to persons alleged to be WW II veterans. He said old-age and retirement
    pensions applications worth one million drams were submitted on behalf
    of people who died years ago.

    "As a result of inspections we have found that about 59,000 deceased
    people were put on the list of eligible pensioners between 2008 and
    2010, ~Q said Zakarian, adding these revelations led to sacking of
    Vazgen Khachikian, head of the Pension Fund.

    Zakarian said a review of pensioners list and removing dead people
    alone helped to save 3.308 billion drams. He also said according to
    Haypost (Armenian Postal Service) assigned the payment of pensions,
    some 59,343 pensioners did not turn out to receive their pensions in
    the first quarter of 2011, of whom over 20 thousand were absent from
    the country, and 12 thousand were unknown. According to Zakarian,
    all documents were sent to the Prosecutor General's Office. ($1 ~V
    372.24 drams).

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