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INITIATIVE "AGAINST 5% OBLIGATORY PENSION PAYMENTS" DEMANDS HOLDING OF REFERENDUM
by Nana Martirosyan
Monday, November 18, 16:33
The initiative "Against 5% obligatory pension payments" demands
holding of referendum regarding transition of the republic to the
obligatory accumulative pension system, a member of the initiative,
Hayk Avetisyan, said at today's press-conference.
He thinks that 99% of Armenian citizens will be against the pension
reform, as the experience of other countries in this matter shows that
at the initial stage the accumulative pension system should be based
on the voluntary but not obligatory basis, otherwise problems should
occur. "The introduction of this system means decrease of salary,
and the prospect of getting higher pension seems to be rather clouded,
especially when taking into consideration a sad experience of savings
during the Soviet time, when it suddenly became clear that there was
no money and nobody was responsible for that", - he emphasized.
For his part, another member of the initiative, Harutyun Aglamazyan,
added that the law does not meet the points of the Constitution,
in particular, it does not allow a man to freely manage his won
funds. He said that the pension reform will result in much losses,
for this reason, we need fighting it by all means.
On November 15, the special session of Armenian parliament convened
for the discussion of the postponement for a year of the introduction
of compulsory accumulative pension system did not take place due to
no quorum. The ruling Republican Party of Armenia did not appear for
the session.
The Law on the Accumulative Pension System enters into force on January
1, 2014. The law stipulates that Armenian citizens born after 1974
must transfer from 6.6% to 13% of their salary to the pension fund.
http://www.arminfo.am/index.cfm?objectid=FD4CADF0-5055-11E3-B11C0EB7C0D21663
by Nana Martirosyan
Monday, November 18, 16:33
The initiative "Against 5% obligatory pension payments" demands
holding of referendum regarding transition of the republic to the
obligatory accumulative pension system, a member of the initiative,
Hayk Avetisyan, said at today's press-conference.
He thinks that 99% of Armenian citizens will be against the pension
reform, as the experience of other countries in this matter shows that
at the initial stage the accumulative pension system should be based
on the voluntary but not obligatory basis, otherwise problems should
occur. "The introduction of this system means decrease of salary,
and the prospect of getting higher pension seems to be rather clouded,
especially when taking into consideration a sad experience of savings
during the Soviet time, when it suddenly became clear that there was
no money and nobody was responsible for that", - he emphasized.
For his part, another member of the initiative, Harutyun Aglamazyan,
added that the law does not meet the points of the Constitution,
in particular, it does not allow a man to freely manage his won
funds. He said that the pension reform will result in much losses,
for this reason, we need fighting it by all means.
On November 15, the special session of Armenian parliament convened
for the discussion of the postponement for a year of the introduction
of compulsory accumulative pension system did not take place due to
no quorum. The ruling Republican Party of Armenia did not appear for
the session.
The Law on the Accumulative Pension System enters into force on January
1, 2014. The law stipulates that Armenian citizens born after 1974
must transfer from 6.6% to 13% of their salary to the pension fund.
http://www.arminfo.am/index.cfm?objectid=FD4CADF0-5055-11E3-B11C0EB7C0D21663