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No more cash for Armenian pensioners





Armenia's Deputy Minister of Labor and Social Affairs Tatevik Stepanyan said at a government meeting today that starting from July 1, 2021, all pensioners in the capital Yerevan and in the second and third largest towns of Gyumri and Vanadzor will start receiving their pensions on their bank cards.

The shift to a non-cash method of payment of pensions with some exceptions stems from a package of amendments to the Law On State Pensions, approved by the parliament on June 18, 2020.

According to the previous law, pensions could be paid either in cash or by a bank transfer at the choice of a citizen.

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