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Federal Project Seeks to Strengthen Pension Systems
U.S. Trade & Aid Monitor ^ | July 20, 2012 | Steve Peacock

Posted on 07/20/2012 7:24:26 PM PDT by Steve Peacock

The Obama administration is embarking upon a project to ensure that pension system across the nation are “fiscally sound and sustainable.” And elderly citizens of the nation of Armenia likely will be delighted to hear the news.

The U.S. Agency for International Development (USAID) yesterday issued a presolicitation notice alerting interested contractors about the initiative, a “technical assistance” endeavor that will assist the Government of Armenia in making its new multi-pillar pension system “fiscally sound and sustainable.”

The intended outcome of the effort is “an increase in the percentage of economically active citizens who contribute to the pension resources,” according to the notice.

USAID also will help the Armenians to create an Integrated Social Services system (ISS), which will enable the Armenian Ministry of Labor and Social Affairs, in conjunction with “the private sector and civil society, to implement the pension reform and to improve social services policy, benefits, and delivery systems.”

“Also, these activities will ensure that the pension system is well-managed, regulated, and supervised according to international standards and best practices,” the notice continued.

USAID did not disclose the project’s estimated cost.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: foreignaid; obama; pension

1 posted on 07/20/2012 7:24:32 PM PDT by Steve Peacock
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To: Steve Peacock
Seniors, union thugs, retirees of all stripes, businessmen...has The Kenyan got your attention yet?

The Kenyan must go.

2 posted on 07/20/2012 9:00:35 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: Steve Peacock

“Also, these activities will ensure that the pension system is well-managed, regulated, and supervised according to international standards and best practices,” the notice continued.

So funny. Think they could get Turbo Timmy or Helicopter Ben to help out ... word has it that they are the best of the best in some financial circles .... origin of circle jerks!


3 posted on 07/20/2012 10:27:03 PM PDT by RetiredTexasVet (Skittle pooping unicorns are more common than progressives with honor & integrity.)
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To: Steve Peacock

Does “best practices” include investing in bankrupt solar energy companies run by politically favored insiders?


4 posted on 07/20/2012 10:35:11 PM PDT by Lurker (Violence is rarely the answer. But when it is, it is the only answer.)
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To: Steve Peacock
"The U.S. Agency for International Development (USAID) yesterday issued a presolicitation notice alerting interested contractors Democrat campaign donors... "

Lucrative contracts with no real performance requirements?
YES WE CAN, DONORS!

5 posted on 07/20/2012 10:42:45 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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