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Some citizens of Armenia do not trust pension reforms
June 26, 2010 - 16:03 AMT 11:03 GMT
PanARMENIAN.Net -
Member of the Republican Party of Armenia parliamentary group,
Chairman of the RA NA Committee on Social Affairs Hakob Hakobyan said
that the National Assembly adopted in the first reading a legislative
package on State Benefits. It consists of 5 basic laws and 47
amendments to laws, Hakobyan told a press conference on June 26.
The transfer to the funded pension scheme foresees 5% deduction from
citizens' salary, while another 5% will be added by the state. These
sums will be sent to different funds, which will add interest rates to
them.
80% of the sums deposited by citizens will be guaranteed by the state,
while 20% - by the funds receiving the sums.
Member of Heritage parliamentary group Anahit Bakhshyan does not trust
the reform. According to her, it will be difficult to control the
entire process.
However, Hakob Hakobyan believes that the process will be transparent
and any citizen will have the opportunity to follow it online - to see
which fund received his/her sum and change the fund, if necessary.
From: A. Papazian
June 26, 2010 - 16:03 AMT 11:03 GMT
PanARMENIAN.Net -
Member of the Republican Party of Armenia parliamentary group,
Chairman of the RA NA Committee on Social Affairs Hakob Hakobyan said
that the National Assembly adopted in the first reading a legislative
package on State Benefits. It consists of 5 basic laws and 47
amendments to laws, Hakobyan told a press conference on June 26.
The transfer to the funded pension scheme foresees 5% deduction from
citizens' salary, while another 5% will be added by the state. These
sums will be sent to different funds, which will add interest rates to
them.
80% of the sums deposited by citizens will be guaranteed by the state,
while 20% - by the funds receiving the sums.
Member of Heritage parliamentary group Anahit Bakhshyan does not trust
the reform. According to her, it will be difficult to control the
entire process.
However, Hakob Hakobyan believes that the process will be transparent
and any citizen will have the opportunity to follow it online - to see
which fund received his/her sum and change the fund, if necessary.
From: A. Papazian