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ARMENIAN CIVIC GROUP URGES FOR STATE EFFORTS TO SUSPEND FUNDED PENSIONS
15:01 * 14.02.14
The civic group conducting an active campaign against funded pensions
has called for government efforts towards ruling out salary transfers
to the pension funds.
In an appeal to Armenia's State Revenue Committee, activists of the
group I am Against! ask for revising the electronic reporting forms
and deactivating the fields requiring an insertion of the deduced
salary sum.
The group says that the existing form automatically obliges an employer
to make the required deductions (as a taxpayer).
In the meantime, the activists express willingness to offer a relevant
professional assistance.
The amended pension law, which went into effect on January 1, requires
that all the employed citizens of Armenia born after 1973 pay 5%-10%
salary taxes to the pension funds to secure their future retirement
benefits. The measure met strong protests by the society, with many
expressing distrust in the system. On January 24, the Constitutional
Court issued a ruling to suspend the mandatory component of the law.
Armenian News - Tert.am
15:01 * 14.02.14
The civic group conducting an active campaign against funded pensions
has called for government efforts towards ruling out salary transfers
to the pension funds.
In an appeal to Armenia's State Revenue Committee, activists of the
group I am Against! ask for revising the electronic reporting forms
and deactivating the fields requiring an insertion of the deduced
salary sum.
The group says that the existing form automatically obliges an employer
to make the required deductions (as a taxpayer).
In the meantime, the activists express willingness to offer a relevant
professional assistance.
The amended pension law, which went into effect on January 1, requires
that all the employed citizens of Armenia born after 1973 pay 5%-10%
salary taxes to the pension funds to secure their future retirement
benefits. The measure met strong protests by the society, with many
expressing distrust in the system. On January 24, the Constitutional
Court issued a ruling to suspend the mandatory component of the law.
Armenian News - Tert.am