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EX-PM WON'T ALLOW FOR EXPROPRIATION OF PENSIONERS' MONEY
November 27, 2012 - 15:13 AMT
PanARMENIAN.Net - Former Prime Minister of Armenia, a member of
Armenian National Congress (ANC) opposition bloc's parliamentary
group Hrant Bagratyan accused government of having failed to form 100%
guaranteed retirement funds.
At a November 27 news conference in Yerevan, Hrant Bagratyan expressed
confidence that over the half of pension funds will be spent on
purchase of foreign securities to provide a 2% VAT growth in future.
"We won't allow for peoples' money to become expropriated over Prime
Minister Tigran Sargsyan's plans," Bagratyan said.
Bagratyan also expressed displeasure over current pension reforms
where pensions are invested as a deposit rather than streamed into
pension funds.
November 27, 2012 - 15:13 AMT
PanARMENIAN.Net - Former Prime Minister of Armenia, a member of
Armenian National Congress (ANC) opposition bloc's parliamentary
group Hrant Bagratyan accused government of having failed to form 100%
guaranteed retirement funds.
At a November 27 news conference in Yerevan, Hrant Bagratyan expressed
confidence that over the half of pension funds will be spent on
purchase of foreign securities to provide a 2% VAT growth in future.
"We won't allow for peoples' money to become expropriated over Prime
Minister Tigran Sargsyan's plans," Bagratyan said.
Bagratyan also expressed displeasure over current pension reforms
where pensions are invested as a deposit rather than streamed into
pension funds.