Yerevan /Mediamax/. Deputy Minister of Finance of Armenia Vardan Aramyan stated today that the government is considering all scenarios for developing pension reforms.

Mediamax reports that Vardan Aramyan stated today that the system of pension reforms, functioning in the country, is inefficient in terms of deficit in financial means, unfair in terms of adequacy to the salary and it does not secure deserving conditions for life for people over 63.

Deputy Minister stated that pension reforms will allow solving these problems. According to him, in order to minimize the risk of dispersion of accumulated means as a result of inflation, the Armenian government has established tough limitations for managers of citizens’ pension means. Non-governmental pension funds will have limitations in types of activity: balanced, conservative and stable.

The balanced funds will have the right to invest their capital in shares and bonds basing on 50/50 correlation, and conservative funds - respectively basing on 25/75 correlation. Stable funds will make 100% investments in bonds.

Deputy Minister stated that the government will constantly inform the public on the process of pension reforms and increase awareness of all layers of the population.