Aysor, Armenia
March 6 2010

President Sargsyan holds working meeting on pension reform

Armenia’s President Serzh Sargsyan has held a working meeting to
discuss item of pension reform, a spokesperson for the Presidential
Administration said.

Serzh Sargsyan said that the system of pensions, founded since the
Soviet-era times, doesn’t go with modern requirements and needs
changes.

Officials delivered to President the program of reforming of the
pension system and paid a special attention to the matter of funded
system, pointing that the delivered model pays respect to the
international experience.

Serzh Sargsyan briefed to conduct additional studies on the issue,
learn and assess possible risks, and sum up the results of works by
the next meeting.