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Public sector salaries to surge by 40 percent from next July
YEREVAN, September 28. / ARKA /. Pensions in Armenia will rise by 15
percent from January 1, 2014 and the public sector salaries will grow
by 40 percent from next July, Prime Minister Tigran Sargsyan said
today after the extraordinary Cabinet session.
Head of government staff Vache Gabrielyan presented a draft law "On
wages," which envisages introduction of the pay scale. According to
him, the bill provides for adjustment of public sector salaries with
the level of the minimum wage.
According to official statistics, the average nominal public sector
wage in July 2013 stood at 127,200 drams, an increase of 8% compared
to the same period last year.
Labor and social affairs minister Artem Asatryan presented a new
procedure for calculating pensions in 2014. He said the size of an
average labor pension will increase by 15%. However, more than
111,900 retirees will see their pensions rise by 25 %, 93,000 senior
citizens' pensions will rise by 20% and only a small group of
pensioners, whose pensions are more than 70,000 drams will see them
grow by 3 %.
Asatryan also added that the minimum pension in Armenia in 2014 will
be 18,200 drams.
According to official statistics, the average pension at the end of
2012 was 29,689 drams. ($ 1 - 405.86 drams). -0-
- See more at: http://arka.am/en/news/society/public_sector_salaries_to_surge_by_40_percent_from _next_july_/#sthash.X1qrdZhE.dpuf
YEREVAN, September 28. / ARKA /. Pensions in Armenia will rise by 15
percent from January 1, 2014 and the public sector salaries will grow
by 40 percent from next July, Prime Minister Tigran Sargsyan said
today after the extraordinary Cabinet session.
Head of government staff Vache Gabrielyan presented a draft law "On
wages," which envisages introduction of the pay scale. According to
him, the bill provides for adjustment of public sector salaries with
the level of the minimum wage.
According to official statistics, the average nominal public sector
wage in July 2013 stood at 127,200 drams, an increase of 8% compared
to the same period last year.
Labor and social affairs minister Artem Asatryan presented a new
procedure for calculating pensions in 2014. He said the size of an
average labor pension will increase by 15%. However, more than
111,900 retirees will see their pensions rise by 25 %, 93,000 senior
citizens' pensions will rise by 20% and only a small group of
pensioners, whose pensions are more than 70,000 drams will see them
grow by 3 %.
Asatryan also added that the minimum pension in Armenia in 2014 will
be 18,200 drams.
According to official statistics, the average pension at the end of
2012 was 29,689 drams. ($ 1 - 405.86 drams). -0-
- See more at: http://arka.am/en/news/society/public_sector_salaries_to_surge_by_40_percent_from _next_july_/#sthash.X1qrdZhE.dpuf