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Earn a pension, if you can

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The Armenian government does not promise to exclude involvement of ‘dead souls' on the pension list.
"Nothing is perfect," Deputy Minister of Labour and Social Affairs Artem Asatryan said addressing a conference on pension reforms.

Unlike him, Minister of Labour and Social Affairs Artur Grigorian promised to prevent fraud and to fully control the situation in the system.

"We will carefully monitor the situation," he said.
Premier Tigran Sarsgyan announced the successful completion of pension reforms. The new pension accumulation system will be introduced in 2012 and each citizen will have to accumulate his pension.

Tigran Sargsyan also noted that the new pension system will enable the pensioners to reduce the risks. He promised to address all deficiencies.

The Premier, however, did not explain how pensions will be formed for the unemployed.

Artur Grigorian emphasized the need for raising public awareness on the rights of pensioners.