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ARMENIA TO ADOPT ESTONIA'S PENSION REFORM MODEL
Tert.am
26.03.12
Armenia's implementation of pension reforms pgoram will largely rely
on Estonia's example, a member of the Central Bank's board, Aharon
Chiligaryan, has said.
Addressing a two-day international seminar devoted to pension reforms
in the social security sector, Chilingaryan noted that Estonia's
model has been functioning effectively for eight years.
"The Estonians' example is good as they have been applying that system
for eight years. The software we are going to purchase is now being
processed and developed by them," he said.
Veiko Tali, Estonia's finance minister also attending the discussion,
told reporters that his country and Armenia are similar to each other,
both being small and simultaneously dynamic.
The Estonian official noted that the country's experience in resisting
crisis would be helpful for Armenia too.
Asked about the advantages of the Estonian reforms, he said: "One
first of all sees the outcome - where his actions go -, and besides,
there is also a possibility of transferring from one fund to another.
"
The two-day event has been organized under the Technical Assistance
and Information Exchange program (TAIEX), an instrument managed by
the Directorate-General Enlargement of the European Commission.
Tert.am
26.03.12
Armenia's implementation of pension reforms pgoram will largely rely
on Estonia's example, a member of the Central Bank's board, Aharon
Chiligaryan, has said.
Addressing a two-day international seminar devoted to pension reforms
in the social security sector, Chilingaryan noted that Estonia's
model has been functioning effectively for eight years.
"The Estonians' example is good as they have been applying that system
for eight years. The software we are going to purchase is now being
processed and developed by them," he said.
Veiko Tali, Estonia's finance minister also attending the discussion,
told reporters that his country and Armenia are similar to each other,
both being small and simultaneously dynamic.
The Estonian official noted that the country's experience in resisting
crisis would be helpful for Armenia too.
Asked about the advantages of the Estonian reforms, he said: "One
first of all sees the outcome - where his actions go -, and besides,
there is also a possibility of transferring from one fund to another.
"
The two-day event has been organized under the Technical Assistance
and Information Exchange program (TAIEX), an instrument managed by
the Directorate-General Enlargement of the European Commission.