YEREVAN, MARCH 23, ARMENPRESS. The assets of the pension fund of Armenia were estimated at 35.5 billion AMD by February, 2016. 16.5 billion AMD of the assets was allocated by the participants, and the government co-funded exactly the same amount, 16.5 billion. 2.5 billion AMD is the income. The number of participants in the new pension system is currently 14 thousand, 65-70 thousand out of which are public sector representatives. The rest are private sector employees. “Armenpress” reports Central Bank official Karen Hakobyan told about this in a press conference initiated by the Economic Journalists Club.

In his words, the number of workers born after 1974 is 300 thousand, which means that nearly 50% percent is involved in the system.  Karen Hakobyan added that 3-4 thousand people join the system every month. They are manly those who join the labor market for the first time.

He informed that the annual profitability of the funds is 7% and 66% of the assets are invested in Armenian drams. He added that the assets are mainly invested in bank deposits, government bonds, bonds issued by corporations, as well as shares of world famous companies such as Apple, Google, Nestle, Toyota, Nisan, Sony, Coca Cola and others.