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Starting April 1, Basic Pension To Be Increased By 1,000 Drams

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  • Starting April 1, Basic Pension To Be Increased By 1,000 Drams

    STARTING APRIL 1, BASIC PENSION TO BE INCREASED BY 1,000 DRAMS

    YEREVAN, APRIL 1, NOYAN TAPAN. At the March 31 sitting, the RA
    government made a decision to increase the basic pension, which makes
    3,000 darms, by 1.000 drams (2.1 USD) starting April 1. The RA
    Minister of Social Insurance Aghvan Vardanian told reporters following
    the sitting that the basic pension has not been increased for several
    years. He indicated that at the same time the payments for each year
    of the length of service have been increased several times. According
    to A. Vardanian, the transfer of the function of social payments
    collection from the RA Social Insurance Fund to the State Tax Service
    has produced a positive result, also enabling the government to
    envisage regular increases in pensions. On the first quarter of 2004,
    9.5 bln drams was collected, whereas in the same period of 2005, the
    collection made 12.8 bln drams. The minister said it is planned to
    collect 5.3 bln drams in April and to increase the monthly collection
    to 5.7 bln drams by the end of the year. A. Vardanian noted if this
    trend towards the social payment collection increase continues, it is
    not ruled out that in the summer, the government may consider the
    issue of raising payments for each year of the length of service. The
    minister said that 2 mln 200 thousand citizens or 99% have received
    the social cards. Among 4.5-5 thousand citizens who have not yet
    received the cards, 3 thousand belong to various sects. A. Vardanian
    assured that within the next two months, the system will start
    functioning efficiently, and the citizens will no longer be required
    to to present unnecessary certificates.
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