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ARMENIAN POLYTECHNIC UNIVERSITY STUDENTS ATTEND RALLY AGAINST NEW PENSION REFORM
February 20, 2014 | 13:12
YEREVAN. - The "I am against" civil movement on Thursday held an
awareness campaign, at the State Engineering University of Armenia
(SEUA)--also known as the Polytechnic--, against the new pension law
in Armenia.
The participants in the civil movement spoke and called upon the
several hundred students , who were gathered in the University
courtyard, to fight against the deduction from their future salaries,
the Armenian News-NEWS.am reporter informs.
The University students and lecturers were applauding the addresses.
Incidentally, SEUA Rector Ara Avetisyan informed that even though he
had 5 percent deducted from the salaries of the University lecturers,
he allocated them premiums.
The new funded 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 some components in the Law on Funded Pensions pending
the hearing--on March 28--of the petition submitted by the four
non-ruling-coalition parliamentary forces--the Armenian National
Congress, Prosperous Armenia, ARF Dashnaktsutyun, and Heritage--,
and into the constitutionality of the several articles of the law.
Notwithstanding this, some employers already are deducting the
mandatory pension payment from the salaries of their employees.
http://news.am/eng/news/195184.html
http://www.youtube.com/watch?v=VM5Bf9QMazk
February 20, 2014 | 13:12
YEREVAN. - The "I am against" civil movement on Thursday held an
awareness campaign, at the State Engineering University of Armenia
(SEUA)--also known as the Polytechnic--, against the new pension law
in Armenia.
The participants in the civil movement spoke and called upon the
several hundred students , who were gathered in the University
courtyard, to fight against the deduction from their future salaries,
the Armenian News-NEWS.am reporter informs.
The University students and lecturers were applauding the addresses.
Incidentally, SEUA Rector Ara Avetisyan informed that even though he
had 5 percent deducted from the salaries of the University lecturers,
he allocated them premiums.
The new funded 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 some components in the Law on Funded Pensions pending
the hearing--on March 28--of the petition submitted by the four
non-ruling-coalition parliamentary forces--the Armenian National
Congress, Prosperous Armenia, ARF Dashnaktsutyun, and Heritage--,
and into the constitutionality of the several articles of the law.
Notwithstanding this, some employers already are deducting the
mandatory pension payment from the salaries of their employees.
http://news.am/eng/news/195184.html
http://www.youtube.com/watch?v=VM5Bf9QMazk