In 2020, there was a widespread increase in pensions, and the average amount of pensions increased by more than 7% in Armenia. Acting Deputy Prime Minister Tigran Avinyan informed about this on Facebook.

"Before that, the pensions had not been increased for 5 years. As of 2020, pensions are about 9% higher compared to 2018, and more than 2 times compared 2008," wrote Avinyan, who also shared a respective video.

The video states that the pensions of 34 thousand military pensioners and 470 thousand work pensioners and the benefits of 71 thousand beneficiaries have increased in 2020.

In 2020, the average monthly pension of Armenia’s pensioners was 43,590 drams (approx. US$87).