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SPARED BY THE SEQUESTER: $3.8 MILLION TO IMPROVE ARMENIA'S PENSION SYSTEM
National Review Online
April 3 2013
By Jim Geraghty
Today the "Spared by the Sequester" spotlight falls once again on the
Agency for International Development. On March 29, USAID awarded
$3,881,188 to Chemonics International, Inc. to help implement reforms
to Armenia's pension system.
>From the award notice:
Over the last number of years, the Government of Armenia (GOAM) with
USAID's technical support has consistently worked to make the country's
social protection system more efficient and financially stable.
The cornerstone of the GOAM's old-age poverty reduction program is
its new multi-pillar pension system. This 4 year activity will provide
technical assistance to the GOAM to implement the new pension system
to make it fiscally sound and sustainable. The efforts will result
in an increase in the percentage of economically active citizens who
contribute to the pension resources. The project will also assist
the GOAM, to a limited and targeted extent, to design and develop an
Integrated Social Services system (ISS). The Project will assist the
Ministry of Labor and Social Affairs (MLSA), the private sector, and
civil society to implement the pension reform and to improve social
services policy, benefits, and delivery systems.
Hey, when they're done there, can they come back here to the United
States and help us develop a fiscally sound and sustainable pension
system?
http://www.nationalreview.com/campaign-spot/344570/spared-sequester-38-million-improve-armenias-pension-system
National Review Online
April 3 2013
By Jim Geraghty
Today the "Spared by the Sequester" spotlight falls once again on the
Agency for International Development. On March 29, USAID awarded
$3,881,188 to Chemonics International, Inc. to help implement reforms
to Armenia's pension system.
>From the award notice:
Over the last number of years, the Government of Armenia (GOAM) with
USAID's technical support has consistently worked to make the country's
social protection system more efficient and financially stable.
The cornerstone of the GOAM's old-age poverty reduction program is
its new multi-pillar pension system. This 4 year activity will provide
technical assistance to the GOAM to implement the new pension system
to make it fiscally sound and sustainable. The efforts will result
in an increase in the percentage of economically active citizens who
contribute to the pension resources. The project will also assist
the GOAM, to a limited and targeted extent, to design and develop an
Integrated Social Services system (ISS). The Project will assist the
Ministry of Labor and Social Affairs (MLSA), the private sector, and
civil society to implement the pension reform and to improve social
services policy, benefits, and delivery systems.
Hey, when they're done there, can they come back here to the United
States and help us develop a fiscally sound and sustainable pension
system?
http://www.nationalreview.com/campaign-spot/344570/spared-sequester-38-million-improve-armenias-pension-system