NUMBER OF PEOPLE AT PENSION AGE INCREASE IN ARMENIA IN PARALLEL TO REDUCTION OF NUMBER OF POPULATION ABLE TO WORK
Noyan Tapan
May 02 2007
YEREVAN, MAY 2, NOYAN TAPAN. The distributing system functioning at
present in the pension sphere of Armenia must be changed with the
saving system, according to which the size of citizen’s pension is
decided not by the state but by the citizen himself, by payments made
by him. Vazgen Khachikian, the Chairman of the RA Social Insurance
State Fund stated about it at the April 30 press conference. In his
words, the necessity of pension reforms is first of all provided by the
circumstance that the demographic picture is changed in the country:
the number of people at the pension age increases in parallel to the
number of population able to work. 460 thousand workers at present
pay social payments for pensions of 530 thousand pensioners of the
republic.
Besides, in V. Khachikian’s words, the principle of social justice
will be secured by the new pension system which will start functioning
starting from 2008. Thus, the size of every citizen’s pension will
be provided not by the work experience but by his social payments.
V. Khachikian mentioned that working citizens below 40 years may be
involved in the new system. But, in his words, it does not arise of
it that pension reforms will not affect on pensioners involved in
the pension system today.