AVERAGE PENSION TO INCREASE IN 2008

armradio.am
31.08.2007 17:29

In accordance with yesterday’s decision of RA Government, stipulating
that retirement pensions were going to increase by 60% to about AMD
20.000 in 2008, today RA Prime Minister Serge Sargsyan has instructed
the Minister of Finance and Economy to find ways for envisaging
additional funds in the 2008 state budget in order to raise the average
level of monthly retirement pensions above the overall poverty line.

The overall poverty line is expected to equal AMD 21.000 in 2008.