Employees of State Institutions Will Lose Their Jobs If Opt Out of New Pension System: Press

RA Prime Minister Hovik Abrahamyan instructed all state institutions to lay off those employees who will submit a written request to opt out of the mandatory funded pension system, reports local daily Chorrord Inqnishkhanutyun, citing its sources.

"Our government sources say that although publicly, Hovik Abrahamyan is quite moderate in expressing [his views] on the funded system, he intends to gradually, as stealthily as possible, impose this system first on budgetary institutions, then on business entities," reports the paper.