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Several Days Are Left And Then...
The government is determined to apply the mandatory funded pension.
This is a serious issue for many employees, as well as employers.
The officials who support the `reform' announce that the funded
pension will apply to about 260,000 employees. Meanwhile, several
thousand people protest against the `reform', and yet fewer people are
active who are, by the way, the high-paid and `transparent' labor
market.
The rest of the society seems to be indifferent to the issue. They are
indifferent because either they are paid little or they are not aware
that they are taxpayers because in Armenia the tax agent system is
applied to taxes and social payments collected from physical persons.
The employer calculates, withdraws and pays to the state budget the
taxes and other social payments.
Hence, the majority of employed people are aware and interested in
their cash salary and will protest against the new pension system if
their cash shrinks as a result.
Ostensibly, the government has planned actions that will prevent the
number of people protesting from the system to grow.
The employers know about the methods and tools of the government that
have been used before on different occasions. It is the tax service,
and the method is compulsory increase of salaries.
Today the mass media have published the prime minister's answer to
dissatisfied citizens who says some banks are `ready' to boost the
salary of their employees, as well as information that the employees
of x bank or y organization signed the petition against the new law by
mistake.
In this case, the government and the organizations who state ready to
compensate to the employees through increase of salary have not taken
into account one thing. There is no need to presume that the employees
of these organizations `do not think'. They are protesting against the
system's being mandatory and claim that one must have a choice, and
these people do not trust the government and do not believe that they
will get their funds back in twenty years.
Besides, the mandatory funded pension and the organizations that are
ready to compensate the salary reduced in the result of the mandatory
funded pension actually discriminate between citizens born before and
after 1974, doing a favor to those who were born after 1974. The
latter will continue to receive the same salary but will receive a
higher pension in the future (even though highly doubted).
Edgar Balayan
18:17 07/12/2013
Story from Lragir.am News:
http://www.lragir.am/index/eng/0/economy/view/31495
The government is determined to apply the mandatory funded pension.
This is a serious issue for many employees, as well as employers.
The officials who support the `reform' announce that the funded
pension will apply to about 260,000 employees. Meanwhile, several
thousand people protest against the `reform', and yet fewer people are
active who are, by the way, the high-paid and `transparent' labor
market.
The rest of the society seems to be indifferent to the issue. They are
indifferent because either they are paid little or they are not aware
that they are taxpayers because in Armenia the tax agent system is
applied to taxes and social payments collected from physical persons.
The employer calculates, withdraws and pays to the state budget the
taxes and other social payments.
Hence, the majority of employed people are aware and interested in
their cash salary and will protest against the new pension system if
their cash shrinks as a result.
Ostensibly, the government has planned actions that will prevent the
number of people protesting from the system to grow.
The employers know about the methods and tools of the government that
have been used before on different occasions. It is the tax service,
and the method is compulsory increase of salaries.
Today the mass media have published the prime minister's answer to
dissatisfied citizens who says some banks are `ready' to boost the
salary of their employees, as well as information that the employees
of x bank or y organization signed the petition against the new law by
mistake.
In this case, the government and the organizations who state ready to
compensate to the employees through increase of salary have not taken
into account one thing. There is no need to presume that the employees
of these organizations `do not think'. They are protesting against the
system's being mandatory and claim that one must have a choice, and
these people do not trust the government and do not believe that they
will get their funds back in twenty years.
Besides, the mandatory funded pension and the organizations that are
ready to compensate the salary reduced in the result of the mandatory
funded pension actually discriminate between citizens born before and
after 1974, doing a favor to those who were born after 1974. The
latter will continue to receive the same salary but will receive a
higher pension in the future (even though highly doubted).
Edgar Balayan
18:17 07/12/2013
Story from Lragir.am News:
http://www.lragir.am/index/eng/0/economy/view/31495