DATABASE OF PERSONAL DATA OF CITIZENS ABOVE 18 TO BE INTRODUCED IN ARMENIA

ARKA
Oct 6, 2008

YEREVAN, October 6. /ARKA/. An information database of personal data
of citizens above 18 is to be introduced in Armenia, the country’s
Premier Tigran Sargsyan said at the opening of the second Armenian
Technology Congress (ArmTech).

In the scope of the pension reform, a personal account is to be set
for each citizen and IT solutions will be applied to enable everyone
maintaining direct control over his account, keeping track of financial
flows and income expected in his lifetime, the Premier said stressing
the importance of teaching people how to use modern technologies.

Currently there are 550,000 pensioners in the country and as from
2010 every citizen above 18 will be obliged to have an accumulation
account and use this service, Sargsyan said adding that this will
make the number of clients in IT sector go up.

In 2010, Armenian Ministry of Labor and Social Issues is to turn
to non-cash system of payment of pensions and benefits. Transfer to
accumulative pension scheme is expected to take place already in 2009.

According to RA Statistical Service, a total of 516,292 retired
persons were recorded in Armenia in the first half of 2008.-0–