The Armenian model of the funded pension system was formed, tempered, and established over two decades. From studying international experience to shaping the Armenian model, from developing the legislative package to negotiations with internationally renowned asset management companies, from public outrage to constitutional crisis: the complete chronicle of this extensive pension reform is summarized in one book. Enriched with more than thirty exclusive interviews, the book presents the reality beyond the dry numbers, the negotiations behind closed doors, the successive cycles of rejections and successes, and much more.Key figures who made crucial contributions at various stages of creating, launching, and developing the funded pension system reveal the behind-the-scenes of the reform, discuss the factors ensuring the system's viability, evaluate the achieved results, and outline the vision for the future.