Tweet
PENSION REFORM PROTESTS TO BE STAGED IN ARMENIA'S REGIONS
February 07, 2014 | 11:59
The Alaverdi members of Armenia's "I am against" civil movement will
hold a huge demonstration in the city on Saturday, to express their
dissatisfaction with the new pension law.
Initiative member Marianna Pepanyan told the aforesaid to Armenian
News-NEWS.am.
"This is the third campaign we are organizing. [But] this time we
will specifically complain because they are compulsorily deducing
the mandatory pension payment from the employees," she said.
A similar demonstration is expected to be held on the same day in
Vanadzor city, in which the capital city Yerevan members of the
"I am against" movement likewise will take part.
The new cumulative pension plan, which formally came into force in
Armenia on January 1, 2014, is mandatory for those born in and after
1974 and voluntary for those born before 1974. In line with this plan,
5 to 10 percent of the monthly salaries in Armenia will be deducted
and mandatorily be allocated to cumulative pension funds; the latter
will be reimbursed as pensions once a person turns 63 years old.
On January 24, however, the Constitutional Court decided to suspend
the execution of the some components of the Law on Cumulative
Pensions pending the hearing of the petition submitted by the
four non-ruling-coalition parliamentary forces--specifically, the
Armenian National Congress, Prosperous Armenia, ARF Dashnaktsutyun,
and Heritage--, and into the constitutionality of the several articles
of the law.
Notwithstanding this, some companies already are deducing the mandatory
pension payment from the salaries of their employees.
News from Armenia - NEWS.am
From: A. Papazian
February 07, 2014 | 11:59
The Alaverdi members of Armenia's "I am against" civil movement will
hold a huge demonstration in the city on Saturday, to express their
dissatisfaction with the new pension law.
Initiative member Marianna Pepanyan told the aforesaid to Armenian
News-NEWS.am.
"This is the third campaign we are organizing. [But] this time we
will specifically complain because they are compulsorily deducing
the mandatory pension payment from the employees," she said.
A similar demonstration is expected to be held on the same day in
Vanadzor city, in which the capital city Yerevan members of the
"I am against" movement likewise will take part.
The new cumulative pension plan, which formally came into force in
Armenia on January 1, 2014, is mandatory for those born in and after
1974 and voluntary for those born before 1974. In line with this plan,
5 to 10 percent of the monthly salaries in Armenia will be deducted
and mandatorily be allocated to cumulative pension funds; the latter
will be reimbursed as pensions once a person turns 63 years old.
On January 24, however, the Constitutional Court decided to suspend
the execution of the some components of the Law on Cumulative
Pensions pending the hearing of the petition submitted by the
four non-ruling-coalition parliamentary forces--specifically, the
Armenian National Congress, Prosperous Armenia, ARF Dashnaktsutyun,
and Heritage--, and into the constitutionality of the several articles
of the law.
Notwithstanding this, some companies already are deducing the mandatory
pension payment from the salaries of their employees.
News from Armenia - NEWS.am
From: A. Papazian