Pension funds | www.c-quadrat-ampega.am

Pension funds differ by their investment strategies.

Pension funds invest in fixed-income, including government and corporate bonds, deposits, fixed-income funds, and equities. Funds differ by the maximum level they can invest in equities.

Fixed Income (CQFIX) pension fund invests only in fixed-income instruments. Conservative (CQCON) and Balanced (CQBAL) pension funds have exposure to equity.

CQFIX

Fixed income 100%

Armenian dram 60%

Foreign currency 40%

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CQCON

Fixed income 75%

Equity 25%

Armenian dram 60%

Foreign currency 40%

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CQBAL

Fixed income 50%

Equity 50%

Armenian dram 60%

Foreign currency 40%

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Calculate
your pension

YOUR MONTHLY GROSS SALARY

YOUR BIRTH YEAR

YEAR OF JOINING THE PENSION SYSTEM

ԵԿԱՄՏԱԲԵՐՈՒԹՅՈՒՆ

ԳՆԱՃ

ԱՇԽԱՏԱՎԱՐՁԻ ԱՃ

ԿՅԱՆՔԻ ՏԵՎՈՂՈՒԹՅՈՒՆ

ԵԿԱՄՏԱԲԵՐՈՒԹՅՈՒՆ 63 Տ. ՀԵՏՈ

Bar chart percent:

Your pension balance :

Your contributions:

State contributions:

Your returns:

Your pension will be

≈50.000 ֏ monthly

Your pension in present value terms: ֏

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This calculator is provided for informational purposes and provides only a rough estimate of potential pension amounts. The accuracy of the results depends heavily on the accuracy of the inputs, and changes in these inputs can significantly affect the estimated pension amount. The since-inception return of CQ Armenia Growth Fund is used to calculate the target pension amount. The actual pension amounts may vary significantly from the estimates.

3 ways to choose your pension fund

Option 1

"My Account" webpage of Central Depository of Armenia

"My Account"

Option 2

By visiting one of the Pension Account Operators

Account Operators

Option 3

Bank app: some bank apps have a feature that allows you to change your pension fund․

More about pension funds

What type of pension system operates in Armenia?
In 2014, Armenia transitioned to a funded pension system. In this system, funds are accumulated and invested to provide income for future retirees. Pension system participants, with a co-contribution by the state, regularly contribute to their individual accounts. These contributions are managed by professional asset managers. A participant's pension after retirement depends on the total contributions made, and investment returns over time.
What are the reasons behind Armenia's transition to a funded pension system?
The previous pay-as-you-go pension system was based on the principle of generational solidarity, whereby employees made social contributions for retirees. However, Armenia is experiencing an aging population, characterized by increasing life expectancy and decreasing birth rates. Under such conditions, the financial burden on employees increased, undermining the stability of that system. Armenia transitioned to the funded pension system, which addresses this socio-economic challenge.

What is the difference between the funded pension system and the previous pay-as-you-go pension system?
In the funded pension system, funds are accumulated and invested to provide income for future retirees. Pension system participants, with a co-contribution by the state, regularly contribute to their individual accounts. Professional asset managers manage these contributions. In contrast, the pay-as-you-go (PAYG) pension system relies on current workers' contributions to pay current retirees, with no fund accumulation. While the funded system builds long-term financial security through investments, the PAYG system depends heavily on a favorable worker-to-retiree ratio and is more vulnerable to demographic shifts.
Are my pension contributions guaranteed?
Yes, according to the RA Law on Funded Pensions, the Guarantee Fund established by the Republic of Armenia guarantees the return of the contributions made by participants, adjusted for inflation.

Calculate your pension

Your pension will be

3 ways to choose your pension fund

More about pension funds

Calculate
your pension