Armenia

Basic country data

  • Population 60 and over (2018)
  • 514,663
  • % of total
  • 17.5%
  • Population 60 and over (2050)
  • 853,542
  • % of total
  • 29.1%
  • Does the country have a social pension?
  • Yes
  • Region
  • Europe & Central Asia
  • Income group
  • Lower middle income

Data on social pensions

Old Age Social Pension

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old Age Social Pension
  • Year first social pension introduced
  • 1990
  • Legislative Underpinning
  • Latest law: 22/12/10 Law on state pensions

2011

Law of the Republic of Armenia on state pensions

Eligibility criteria

2009

Armenia: social protection and social inclusion (European Commission paper)

Adequacy

  • Monthly benefit (local currency)
  • 10,067 Drams
  • US$
  • 24
  • % of GDP per capita
  • 12.5%
  • $ PPP
  • 51.7
  • % of $1.90 poverty line (PPP)
  • 89%
  • Local amount detailed/other benefits
  • Old age social pension is equal to 100% of the basic pension
  • References and notes

Resources on the pension in Armenia

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country