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PROBLEMS OF PENSION SYSTEM REFORMS IN THE COUNTRIES WITH TRANSITION ECONOMY

Автор: Редактор on .

UDC 336.7
 
BAGHDASARYAN Areg,
Doctor of Economics Associate Professor of the Chair of Finance & Credit Armenian State Agrarian University International Scientific-Educational Centre National Academy of Sciences of the Republic of Armenia
 
PROBLEMS OF PENSION SYSTEM REFORMS IN THE COUNTRIES WITH TRANSITION ECONOMY
 
Solving problems that arise in countries with transition economy when reforming the pension system by introducing multi-pillar system of pension provision is recommended. The presented article is devoted to the analysis of the risks of introduction of mandatory funded pension system and the main mechanisms of mitigation of risks as well as the social aspects of the reform.
 
Keywords: financial system stability, pension system reform, minimum subsistence level, transition economy, capital market
 
 PROBLEMS OF PENSION SYSTEM REFORMS IN THE COUNTRIES WITH TRANSITION ECONOMY