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Modern System of Governance of Pension Sphere To Be Created in ROA

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  • Modern System of Governance of Pension Sphere To Be Created in ROA

    MODERN SYSTEM OF GOVERNANCE OF PENSION SPHERE TO BE CREATED IN ARMENIA

    YEREVAN, AUGUST 26, NOYAN TAPAN. About 2 mln dollars of the World Bank
    credit program "In Improvement of Governance of Social Protection
    Sphere" with the total budget of 5.71 mln US dollars will be allocated
    to creation of a modern system of governance of the pension system in
    Armenia. As Vazgen Khachikian, the Chairman of the RA Social Insurance
    State Fund informed the Noyan Tapan correspondent, an information
    system of governance is envisaged to be created with the framework of
    the credit program. Besides, the fund offices will be technically
    equipted, the main working processes concerning the governance of the
    central register (customers' personal data base) will improved. The
    program is envisaged to finish in 2007.
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