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Pension reform protest: Armenian civic group conducts bike race

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  • Pension reform protest: Armenian civic group conducts bike race

    Pension reform protest: Armenian civic group conducts bike race

    13:55 * 15.03.14


    The Armenian civic group, conducts active protests against the
    compulsory pension funds, launched Saturday morning a bicycle race
    downtown Yerevan.

    For what was thought to be an awareness campaign, scores of bicycle
    riders gathered in Liberty Square to voice alarm over the
    controversial pension reforms.

    Speaking to reporters, one of the protesting activists, Tigran
    Martirosyan, said their previous bicycle ride had proven the
    effectiveness of that form of campaign.

    The amended pension law, which went into effect on January 1, requires
    that all the employed citizens of Armenia born after 1973 make monthly
    contributions to pension funds in the amount of 5%-10% of their
    salaries. The measure met strong protests by the society, with many
    expressing distrust in the system. On January 24, the Constitutional
    Court issued a ruling to suspend the mandatory component of the law. A
    final ruling is due later this month.

    "Our purpose is to make the population maximum aware of this law. We
    now have an awareness problem, with many not knowing what it really
    is," said Tigran Hovhannisyan, another activist.

    The group will distribute leaflets among passers-by in the streets to
    inform them of plans for a March 22 rally.

    http://www.tert.am/en/news/2014/03/15/ert-dem-em/


    From: Baghdasarian
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