YEREVAN, FEBRUARY 28, NOYAN TAPAN. A financial crisis is expected in the pension system of Armenia. Aghvan Vardanian, the RA Minister of Labour and Social Issues stated about it at the February 28 discussion of the draft "On RA State Demographic Policy Conception." In his words, people born during the years of the Great Patriotic War retire on a pension, whose number is, naturally, small. In the Minister's words, such a number of pensioners will remain till 2015, after what the number of retiring people will strictly increase, provided by increase of births fixed in 50-60s. It was also mentioned that the population's aging process, provided by strict fall of the level of birthrate and prevailing emigration activeness of the population at the working age, greatly quickened during the post-Soviet years. In 2006 the specific weight of the population at the pension age grew in Armenia 3.6% compared with 1990, making 12.7%. Whereas, this index must not surpass 9% in the conditions of normal demographic development.

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