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Armenia Government Ready To Take Concrete Steps To Stop Mandatory Co

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  • Armenia Government Ready To Take Concrete Steps To Stop Mandatory Co

    ARMENIA GOVERNMENT READY TO TAKE CONCRETE STEPS TO STOP MANDATORY COMPONENT OF PENSION REFORM - ARF

    April 22, 2014 | 14:07

    YEREVAN. - Newly appointed PM Hovik Abrahamnyan's meeting with
    Armenia's five National Assembly (NA) forces, and concerning the
    mandatory component of the new law on funded pensions, was held
    against a positive backdrop.

    Opposition ARF Dashnaktsutyun Party NA Faction member Artsvik Minasyan
    told the aforesaid to reporters after the talk.

    "The PM presented his outlook on the mandatory [component], and
    the political forces presented their positions. The [respective]
    plan will be [ready within] the next two days. Once it is [ready],
    we will be able to express a view," Minasyan said.

    In the ARF MP's words, it is very important that the PM is willing
    to solve the problems and provide complete answers to the issues that
    are raised.

    "The matter is divided into two phases. The first phase is this short
    term, so that the public confidence is restored. This means that the
    political elements shall be subject to changes, so that the people
    participate in the [funded pension] system at their own volition.

    "The second phase is the development of a new model which assumes
    involvement by different layers of society. [But] this requires a
    longer time.

    "At this point it is very important that the government is ready to
    take concrete steps to stop the compulsion of the mandatory component,"
    Artsvik Minasyan concluded.

    Representatives from five of Armenia's six National Assembly factions
    (ruling Republican Party, non-pro-government Prosperous Armenia, and
    opposition Heritage, ARF Dashnaktsutyun, and Orinats Yerkir (Rule
    of Law)) on Tuesday participated in the meeting--at the Government
    building--with newly appointed Prime Minister Hovik Abrahamyan, and
    with respect to the mandatory component of the new law on funded
    pensions. Opposition Armenian National Congress Faction, however,
    did not attend the talk. Acting Labor and Social Affairs Minister
    Artem Asatryan also participated in the discussion.

    News from Armenia - NEWS.am

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