Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, September 25, 2017

Armenian leaders discuss funded pension reform

Armenian Prime Minister Hovik Abrahamyan consulted with members of the National Assembly on Tuesday about funded pension reform.

Representatives from multiple political parties said methods must be outlined for open and unconstrained dialogue between the government and parliamentary factions on issues like pension reform. The open dialogue would promote an atmosphere of mutual trust in Armenia.

The members of the National Assembly expressed their respective positions on the government's pension reform and made multiple proposals.

Abrahamyan said that a draft law will soon be unveiled to halt the accrual of fines associated with the funded pension law. He said the law was pending passage by the National Assembly as part of a legislative package.

Abrahamyan also expressed his willingness to continue discussions with assembly members and other stakeholders to achieve a comprehensive solution to pension system problems. He said he appreciated the cooperation by the parliamentary factions and was ready to continue the dialogue in multiple formats.