Ameria develops proposals to improve Armenia’s pension system

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09.04.2013, 00:21

The advisory unit of Ameria company is developing a package of proposals to improve and increase the efficiency of the pension system at the order of Armenian labor and social security ministry.

Ameria develops proposals to improve Armenia’s pension system

YEREVAN, April 8. / ARKA /. The advisory unit of Ameria company is developing a package of proposals to improve and increase the efficiency of the pension system at the order of Armenian labor and social security ministry.

The proposals will deal with the reformation of the way used to calculate pension benefits for long service, disability and also when a family loses the breadwinner.

The process of pension reform in Armenia was launched in 2011 through the introduction of a voluntary funded pension system. From 1 January 2014 the funded pension system will become compulsory encompassing all citizens born after 1st January 1974.

"Currently we are specifying the existing problems, along with looking into the best international experience. Then Ameria will develop a model that will best fit the situation in Armenia", Tigran Grigoryan, a senior specialist of the advisory unit, was quoted as saying.

"We plan to complete the work on May 31 of this year", he said.

Founded in 1998, Ameria offers professional consulting services in administrative, financial and legal areas. It works with public and private sectors as well as international organizations in Armenia and the South Caucasus. -0-

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