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How to Calculate the Funded Pension?
The funded pension is a pension formed from funds accumulated through an employee's social contributions, which are paid out to them in the future.
These payments are accumulated in an individual account and invested in financial markets to ensure capital growth.
How the Funded Pension is Formed?
The funded pension is formed from the registered employee's monthly salary and the state budget. 5% is accumulated from the salary, and 5% is contributed by the state. As a result, 10% of the salary is allocated to the funded pension each month.
However, for citizens who joined the program voluntarily, the funded pension is formed only from the 5% deducted from their salary; no contributions are made from the state budget on their behalf.
How to calculate the funded pension online?
To calculate the funded pension online, you must:
- Visit the provided link,
- click the "Pension Calculator" button,
- enter the required data,
- click the "Continue" button.
In the window that opens, you will be able to see:
- The monthly amount of the pension,
- the remaining balance of the pension,
- the contributions made by both the state and the citizen.
Reference to Legislation
RA Law "On Funded Pensions"
The law can be found on arlis.am (ensure to read the most recent version of the act).