YEREVAN, March 5. /ARKA/. The number of pensioners in Armenia reached 515,340 by the end of 2013, and an average size of pension was 29,122 drams, the National Statistical Service reports referring to the labor and social affairs ministry’s figures.
According to the statistical report, there were 512,505 insurance premium payers and social pensioners in the country in 2013 – 306,856 of them were women and 205,649 were men.
The number of pensioners connected with military service was 5,185, and their average pension amounted to 16,517 drams.
The obligatory fund pension system was introduced in the country in January 2014. The system targets all those citizens born later than Jan 1, 1974. The accumulated funds will enable future retirees to shape the size of their pensions at own discretion. Under the reform plan, people will send to their accumulative pension account 5% of their salaries every month, and another 5%, but no more than AMD 25,000, will be added by the government. ($1- AMD 414.16). --0----