ArmInfo. In the near future, a draft law will be submitted to the National Assembly of Armenia aimed at limiting the cash turnover of pension payments. Deputy Minister of Labor and Social Affairs of the Republic of Armenia Smbat Saiyan announced this on January 22 from the rostrum of the Parliament.
According to him, the banks themselves are interested in the non-cash circulation of pension funds in the total amount of about 400 billion drams, as this will increase their competitive capabilities. Currently, cash pension contributions are made through both commercial banks and HayPost. Since 2011, the Government of the country has concluded and is concluding contracts with the country's commercial banks for the provision of services to pensioners. At that time, the ratio was 15% to 85% in favor of HayPost. Today, this figure is 50% to 45% in favor of banks.
Annually in the form of commissions, the state sends Haypost 1.4 billion drams (1% of each pension amount) and 30-35 million drams to the country's commercial banks (30 drams for each pensioner). In general, as the deputy minister noted, the government is striving to ensure non-cash payment of pensions, which will avoid corruption risks and increase the effectiveness of the state pension system.
The deputy minister also said that in the near future an agreement on pensions for workers of the EAEU countries will be submitted to parliament.
Meanwhile, to note, many pensioners are dissatisfied with the work of the HayPost company, which, as a rule, makes pensioners stand in long lines for a pension and rarely carries it home. Virtually no HayPost service provides citizens in cashless form, which indicates a high cash turnover in the company and, as a consequence, the possible presence of corruption risks here.