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515,340 Pensioners In Armenia In 2013 With Average Pension Amounting

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  • 515,340 Pensioners In Armenia In 2013 With Average Pension Amounting

    515,340 PENSIONERS IN ARMENIA IN 2013 WITH AVERAGE PENSION AMOUNTING TO 29,122 DRAMS

    YEREVAN, March 5. /ARKA/. The number of pensioners in Armenia reached
    515,340 by the end of 2013, and an average size of pension was 29,122
    drams, the National Statistical Service reports referring to the
    labor and social affairs ministry's figures.

    According to the statistical report, there were 512,505 insurance
    premium payers and social pensioners in the country in 2013 - 306,856
    of them were women and 205,649 were men.

    The number of pensioners connected with military service was 5,185,
    and their average pension amounted to 16,517 drams.

    The obligatory fund pension system was introduced in the country in
    January 2014. The system targets all those citizens born later than Jan
    1, 1974. The accumulated funds will enable future retirees to shape
    the size of their pensions at own discretion. Under the reform plan,
    people will send to their accumulative pension account 5% of their
    salaries every month, and another 5%, but no more than AMD 25,000,
    will be added by the government. ($1- AMD 414.16). --0----

    - See more at:
    http://arka.am/en/news/society/515_340_pensioners_in_armenia_in_2013_with_average _pension_amounting_to_29_122_drams/#sthash.tfVA7kCW.dpuf

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