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  • Pension Reform Remains Unclear After Parliamentary Committee Discuss

    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
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