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There are risks in mandatory funded pension system (video)
There are always risks in the mandatory funded pension system. This is an opinion of the head of Social Security State Service Armen Abrahamyan. Though, according to him the state shares that risk with the citizens. Besides, the head of the service is sure that the mandatory funded system is rather flexible. “Yet, it can’t be predicted how authorized people and political situation will influence on the system in 20 years, though the state has developed mechanisms of risk elimination. It means that the 5% of citizens’ money, and 5% from the state, and the legislative field tries to implement,”- said Mr. Abrahamyan.
