PENSIONARY REFORMS KEY ELEMENT FOR ARMENIA’S FURTHER ECONOMIC DEVELOPMENT
/PanARMENIAN.Net/
12.11.2009 19:03 GMT+04:00
/PanARMENIAN.Net/ Pensionary reforms are key element for Armenia’s
further economic development, Troika Dialogue Board Chair Ruben
Vardanyan finds. "That requires serious and cautious steps, as the
impact is felt on vulnerable groups of population," he told journalists
after official opening of Ameriabank’s head office.
Vardanyan also highlighted the importance of refraining from mistakes
"not only now but also in 10-20 years’ time". "Long-term money
allocations are essential for any economy," he added.
Armenian will introduce two-phase pensionary system in 2011, CBA Chair
Arthur Djavadyan said November 10 in Tsakdzor, during the meeting of
CIS countries’ officials dealing with security market management.
Laws on "Investment Funds" and "Cumulative Pensions", are currently
at the stage of elaboration.