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Funded Pension System of Armenia: History of Formation

Author

Listed:
  • Karen R. Tamazyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

  • Arman E. Jhangiryan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

Abstract

The article reviews the Armenian pension system, particularly, funded pension system, its history and necessity of implementation. At the same time, international practices of countries such as Peru and Chile which have undertaken a private pension system are being introduced. Moreover, the authors draw a comparisons between “private” and “state” pensions, considering possible alternatives to the private system. The article includes a brief overview of how funded pension system works, as well as the figures for assets under management for pension funds and their allocation.

Suggested Citation

  • Karen R. Tamazyan & Arman E. Jhangiryan, 2018. "Funded Pension System of Armenia: History of Formation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 53-61, August.
    • Handle: RePEc:fru:finjrn:180405:p:53-61
    DOI: 10.31107/2075-1990-2018-4-53-61
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    References listed on IDEAS

    as
    1. Omar S. Arias & Carolina Sánchez-Páramo & María E. Dávalos & Indhira Santos & Erwin R. Tiongson & Carola Gruen & Natasha de Andrade Falcão & Gady Saiovici & Cesar A. Cancho, 2014. "Back to Work : Growing with Jobs in Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 16570.
    2. Roger Charlton & Roddy McKinnon, 2000. "Beyond mandatory privatization: pensions policy options for developing countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 483-494.
    3. Stephen J. Kay & Barbara E. Kritzer, 2001. "Social security in Latin America: recent reforms and challenges," Economic Review, Federal Reserve Bank of Atlanta, vol. 86(Q1), pages 41-52.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Armenia; pension system; funded pension system; pension shares; pension assets manager;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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