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PENSION REFORM REMAINS UNCLEAR AFTER PARLIAMENTARY COMMITTEE DISCUSSION
04.25.2014 18:26 epress.am
Acting RA Minister of Labor and Social Affairs Artem Asatryan
(pictured) at a meeting of the National Assembly's Standing
Committee on Social Affairs today presented the draft plan to free
from penalties employers who did not make controversial mandatory
pension contributions on behalf of their staff.
Some points were still unclear for some members of the committee;
in particular, whether employers from now on will be required to make
deductions from their employees' wages or not.
After Asatryan addressed the committee, the chair, Republican Party of
Armenia MP Hakob Hakobyan, asked for a clear answer to whether it is
true that employers will not be held accountable for late payments or
non-payments, but at the same time employers must continue to make
deductions and keep those funds until the Constitutional Court's
final decision on September 30.
Asatryan said nothing. He was asked to answer the same question
by Armenian National Congress MP Lyudmila Sargsyan and Armenian
Revolutionary Federation (Dashnaktsutyun) MP Artsvik Minasyan.
Asatryan, however, continued to remain silent.
"Will deductions be made from me [i.e. my salary]?" Lyudmila Sargsyan
repeated.
Asatryan answered the question with a question. "What have you arranged
with your employer?"
The acting minister then said the issue to charge in the future
refers to recalculation, and beginning the process of recalculation
is premature, since there isn't yet a legislative instrument.
"We have to consider that during this period 15,000 individuals made
a choice [i.e. chose a private pension fund] and thus participated
in the system. We have to find a solution also for them," he said,
replying to a question on whether the money will be refunded or not.
Another question on whether, in the end, the system will be voluntary
or obligatory, Asatryan said, "It will be fine," and then added,
"For all."
Armenian Revolutionary Federation representative Aghvan Vardanyan
said, in fact, the new plan is a half step and will complicate the
situation further. If this plan isn't changed, he will vote against
it, Vardanyan declared.
http://www.epress.am/en/2014/04/25/pension-reform-remains-unclear-after-parliamentary-committee-discussion.html
From: Emil Lazarian | Ararat NewsPress
04.25.2014 18:26 epress.am
Acting RA Minister of Labor and Social Affairs Artem Asatryan
(pictured) at a meeting of the National Assembly's Standing
Committee on Social Affairs today presented the draft plan to free
from penalties employers who did not make controversial mandatory
pension contributions on behalf of their staff.
Some points were still unclear for some members of the committee;
in particular, whether employers from now on will be required to make
deductions from their employees' wages or not.
After Asatryan addressed the committee, the chair, Republican Party of
Armenia MP Hakob Hakobyan, asked for a clear answer to whether it is
true that employers will not be held accountable for late payments or
non-payments, but at the same time employers must continue to make
deductions and keep those funds until the Constitutional Court's
final decision on September 30.
Asatryan said nothing. He was asked to answer the same question
by Armenian National Congress MP Lyudmila Sargsyan and Armenian
Revolutionary Federation (Dashnaktsutyun) MP Artsvik Minasyan.
Asatryan, however, continued to remain silent.
"Will deductions be made from me [i.e. my salary]?" Lyudmila Sargsyan
repeated.
Asatryan answered the question with a question. "What have you arranged
with your employer?"
The acting minister then said the issue to charge in the future
refers to recalculation, and beginning the process of recalculation
is premature, since there isn't yet a legislative instrument.
"We have to consider that during this period 15,000 individuals made
a choice [i.e. chose a private pension fund] and thus participated
in the system. We have to find a solution also for them," he said,
replying to a question on whether the money will be refunded or not.
Another question on whether, in the end, the system will be voluntary
or obligatory, Asatryan said, "It will be fine," and then added,
"For all."
Armenian Revolutionary Federation representative Aghvan Vardanyan
said, in fact, the new plan is a half step and will complicate the
situation further. If this plan isn't changed, he will vote against
it, Vardanyan declared.
http://www.epress.am/en/2014/04/25/pension-reform-remains-unclear-after-parliamentary-committee-discussion.html
From: Emil Lazarian | Ararat NewsPress