  Pension programs in Armenia won't be cutOctober 26, 2009 - 14:20 AMT PanARMENIAN.Net - Armenian Government ventured a brave step, undertaking pension fund reforms, RA State Social Security Service Head Vazgen Khachikyan told a news conference in Yerevan. "2010 pensions will not be cut, still significant growth is not to be expected. Pension system in Armenia is rather overloaded: 450 thousand state workers against 520 thousand pensioners," Vazgen Khachikyan said, adding that data provided prove the country is undergoing crisis and is explained by demographic indices: low birth rate, unemployment."According to some researches, the crisis in Armenia will reach its vertex by 2030-35," Vazgen Khachikyan emphasized. Rumors on Armenian pension programs being implemented through international credits are untrue, Head of State Service emphasized, adding that despite financial crisis, pension programs in Armenia will not be cut.   Top stories As a result of floods in Armenia’s northern Lori and Tavush provinces, 17 bridges, including five large ones, have collapsed. David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said.   Partner news |  Related sections Latest news International cybercrime ringleaders arrested in Armenia, Ukraine  Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets.Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty.Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran.Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |
