MODERN SYSTEM OF GOVERNANCE OF PENSION SPHERE TO BE CREATED IN ARMENIA

YEREVAN, AUGUST 26, NOYAN TAPAN. About 2 mln dollars of the World Bank
credit program “In Improvement of Governance of Social Protection
Sphere” with the total budget of 5.71 mln US dollars will be allocated
to creation of a modern system of governance of the pension system in
Armenia. As Vazgen Khachikian, the Chairman of the RA Social Insurance
State Fund informed the Noyan Tapan correspondent, an information
system of governance is envisaged to be created with the framework of
the credit program. Besides, the fund offices will be technically
equipted, the main working processes concerning the governance of the
central register (customers’ personal data base) will improved. The
program is envisaged to finish in 2007.