New Pension and Benefits Payment System to Take Effect from April 1

Starting April 1, pensions and benefits across the Republic of Armenia will only be paid through non-cash methods. This was announced by the Ministry of Labor and Social Affairs.  

For citizens who currently receive their pensions or benefits in cash and have not submitted a request for a change in payment method, the choice of bank will be made automatically, without any application. Banks will deliver cards exclusively through postal services to citizens with movement restrictions, and if necessary, in the presence of social workers.  

It is worth noting that, according to a government decision, pensions and benefits will be increased starting April 1. This measure has been presented as part of the executive program implementation and is a result of higher-than-expected economic growth.