Accumulative pension system is embezzlement of state funds, Hrant Bagratyan says

The accumulative pension system is nothing else but a bright example of embezzlement of state funds, according to Hrant Bagratyan, member of Armenian National Congress (HAK) parliamentary faction. He voiced this opinion at the four-day parliamentary session that started this morning.

Mr Bagratyan urged those present to take into account his assessment of the issue.

“Remember one thing: it is easy to throw a stone into a pit but it is very difficult to take it out of there,” he added.