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PARLIAMENTARIAN FROM ANC: AFTER 30 SEPTEMBER, GOVERNMENT WILL START PUSHING THROUGH THE MANDATORY FUNDED PENSION SYSTEM WITH RENEWED VIGOR
by Ashot Safaryan
ARMINFO
Friday, May 16, 18:26
After 30 September, the Government will start pushing through the
mandatory funded pension system with renewed vigor, Aram Manukyan,
Secretary of the Armenian National Congress Faction in the Parliament,
told ArmInfo.
He is sure that with the amendments to the Law on Funded Pension that
was passed by the Parliament on 15 May, the Government tries to gain
time. One should not cherish illusions for any concessions from the
authorities, he said.
"In addition, before 30 September, the Government will be forcing
the big and small establishments in the country to pay fees to the
pensions funds from their own budgets, creating an false impression
of participation in the mandatory system. They need to ensure the
necessary indicators by all means possible," Manukyan said.
The parliamentarian cannot say if the civic protests will calm down
or not. "Anyway, we urge the citizens not to loosen up and fight till
the very end," he said.
On 15 May the Armenian parliament approved the extended option of
amendments to the law "On funded pension" that was submitted by the
government. Minister of Labor and Social Affairs Artem Asatryan
said that the bill suggests adding a provision that will relieve
the citizens falling under the pension reforms of the responsibility
for non- payment or failure to meet the time limit for the relevant
payments. In addition, if a citizen files a statement that he refuses
to participate in the accumulative system, the employer has the
right not to make the relevant calculations to transfer the pension
contributions.
by Ashot Safaryan
ARMINFO
Friday, May 16, 18:26
After 30 September, the Government will start pushing through the
mandatory funded pension system with renewed vigor, Aram Manukyan,
Secretary of the Armenian National Congress Faction in the Parliament,
told ArmInfo.
He is sure that with the amendments to the Law on Funded Pension that
was passed by the Parliament on 15 May, the Government tries to gain
time. One should not cherish illusions for any concessions from the
authorities, he said.
"In addition, before 30 September, the Government will be forcing
the big and small establishments in the country to pay fees to the
pensions funds from their own budgets, creating an false impression
of participation in the mandatory system. They need to ensure the
necessary indicators by all means possible," Manukyan said.
The parliamentarian cannot say if the civic protests will calm down
or not. "Anyway, we urge the citizens not to loosen up and fight till
the very end," he said.
On 15 May the Armenian parliament approved the extended option of
amendments to the law "On funded pension" that was submitted by the
government. Minister of Labor and Social Affairs Artem Asatryan
said that the bill suggests adding a provision that will relieve
the citizens falling under the pension reforms of the responsibility
for non- payment or failure to meet the time limit for the relevant
payments. In addition, if a citizen files a statement that he refuses
to participate in the accumulative system, the employer has the
right not to make the relevant calculations to transfer the pension
contributions.