While Armenia’s Constitutional Court today declared certain aspects of the mandatory pension system unconstitutional, it noted that the experience registered in fifty countries proves that such a system raises a nation’s stability and living standards.

In its decision, the Court has given the National Assembly until September 30 to modify those portions of the system deemed unconstitutional.

Responding to today’s decision, the government stated that it plans to go ahead with the system that it regards as a “radical reform”.