ECONOMIST: IN ARMENIA PEOPLE DO NOT TRUST PENSION CONTRIBUTIONS SCHEME
by Alexandr Avanesov
ARMINFO
Friday, November 22, 16:25
The mandatory pension contributions scheme offered by the Armenian
Government is a progressive instrument successfully applied in dozens
of countries worldwide, Director of Alternative Analytical Center
Tatul Manaseryan told journalists on Friday.
He said that one of the authors of the scheme, President of the
International Center for Pension Reform Jose Pinera successfully
applied it in Chile.
“The problem here is that in Armenia people do not trust this scheme.
They are afraid that years after they will not be able to get their
money back as was the case in the Soviet times. Here much depends on
confidence,” Manaseryan said.
Disclaimer: This article was contributed and translated into English by nina hovnanian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2013/11/23/economist-in-armenia-people-do-not-trust-pension-contributions-sche/