PENSION REFORM IS AN IMPORTANT ELEMENT FOR THE DEVELOPMENT OF ARMENIAN ECONOMY- HEAD OF "TROIKA DIALOG"

ARKA
Nov 13, 2009

YEREVAN, November 13. /ARKA/. Pension reform is an important element
for further development of Armenian economy", said Ruben Vardanyan,
Head of Board of Directors of the group "Troika Dialog" and Head of
Board of Directors of "Ameriabank".

"Here we need checked, serious and consistent steps as it affects
the most unprotected layer of society – pensioners. Wrong steps can
bring to problems not only at present, but also in 10,20, 30 years",
he said to the journalists in Yerevan during the official ceremony
of opening the Head Office of CJSC "Ameriabank".

In this regard, Vardanyan said that it is important not to make
mistakes. Reforms of pension system in Armenia are going to move
to many-staged system which will be consisted of two components –
state distributive and private accumulative. Accumulative pension
system will be introduced in 2011 in Armenia.