AHARON CHILINGARYAN, A MEMBER OF THE RA CENTRAL BANK COUNCIL, PRESENTED THE MULTIDEGREE PENSION SYSTEM TO ASUE STUDENTS
"Pension awareness center with the USAID-funded Pension and Labor Market Reform Project (PALM), NASDAQ OMX Armenia and Social Security Service of the RA has undertaken a series of lectures and today we have the honor to listen to one of them", said Edgar Ghazaryan, the Dean of Management Department, during the meeting with ASUE students, Aharon Chilingaryan, a member of the RA Central Bank Council and the workers of the USA agency of international development and asked Roza Kiappa, the Director of the USAID-funded Pension and Labor Market Reform Project (PALM), to speak.
"We have come here to support and help your country in implementation of pension reforms. We hope that the investment of the presented system will provide you with fair and adequate income later, at the same time will give your country an opportunity to develope", addressing the students said Roza Kiappa and assured that the RA Government has selected wonderful and correct way. She hoped that these reforms would attach the Youth attention, as they were just for them
Referring the pension reforms implemented in Armenia, Aharon Chilingaryan, a member of the RA Central Bank Council, said that this initiative had a goal to provide the pensions with faith and adequate pension, to make the system financially stable, to create a direct connection between the amount of social payments and the pensions. He observs that there are many problems in Armenian current pension system, the first of which is that the collected social contributions are insuficient. Because of it, the speaker mentioned, that additional payments for the payment of pensions were being done from the total income of State Budget. Aharon Chilingaryan presented that multidegree pension system would enact in the result of pension reforms. The member of the RA Central Bank Council referred in details the compulsory and cumulative components, presenting the opportunities and advantages of new system.
In the end Aharon Chilingaryan answered the audiences questions.