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ARMAN NSHANYAN: "MANDATORY ACCUMULATIVE PENSION SYSTEM IS NOT FOR ARMENIA"
http://www.arminfo.am/index.cfm?objectid=42EBFCD0-9967-11E3-8ACF0EB7C0D21663
Wednesday, February 19, 16:10
The mandatory accumulative pension system is inherently a good idea,
but it is not for Armenia, a prominent actor, singer Arman Nshanyan
told ArmInfo. According to him, the given system would fit the
countries where average salary is $2,000-$3,000 and not $100-$200
like it is in Armenia.
"People in Armenia care for every 5,000 drams. This amount covers
their transport costs, for instance. Families need this 5000 AMD now
and not in 20-30 years," Nshanyan said.
People are discontented not only at the mandatory component of the
system but also at the absurd situation following the Constitutional
Court's decision of January 24 that suspended some provisions of
the Law on the Accumulative Pension until the Court considers its
constitutionality on Mar 28 2014. Nevertheless, the Finance Ministry
of Armenia urges employers to calculate and make accumulative pension
payments and employees to choose a pension fund and a manager for it.
The compulsory accumulative pension system will apply to the citizens
born after Jan 1 1974 (the citizens below 40). Starting Jan 1 2014, 5%
of their salaries will be transferred to their personal accumulative
accounts. The government will transfer a similar amount (but no
more than 25,000 drams). The pension reformed sparked large-scale
protests in the country. The staffs of such big companies as the South
Caucasus Railway, the Electric Networks of Armenia, NPP and others
went to street to protect their rights. The most original action of
protest was organized by the actors of the Opera and Ballet Theater,
who boycotted Anush Opera performance.
From: Baghdasarian
http://www.arminfo.am/index.cfm?objectid=42EBFCD0-9967-11E3-8ACF0EB7C0D21663
Wednesday, February 19, 16:10
The mandatory accumulative pension system is inherently a good idea,
but it is not for Armenia, a prominent actor, singer Arman Nshanyan
told ArmInfo. According to him, the given system would fit the
countries where average salary is $2,000-$3,000 and not $100-$200
like it is in Armenia.
"People in Armenia care for every 5,000 drams. This amount covers
their transport costs, for instance. Families need this 5000 AMD now
and not in 20-30 years," Nshanyan said.
People are discontented not only at the mandatory component of the
system but also at the absurd situation following the Constitutional
Court's decision of January 24 that suspended some provisions of
the Law on the Accumulative Pension until the Court considers its
constitutionality on Mar 28 2014. Nevertheless, the Finance Ministry
of Armenia urges employers to calculate and make accumulative pension
payments and employees to choose a pension fund and a manager for it.
The compulsory accumulative pension system will apply to the citizens
born after Jan 1 1974 (the citizens below 40). Starting Jan 1 2014, 5%
of their salaries will be transferred to their personal accumulative
accounts. The government will transfer a similar amount (but no
more than 25,000 drams). The pension reformed sparked large-scale
protests in the country. The staffs of such big companies as the South
Caucasus Railway, the Electric Networks of Armenia, NPP and others
went to street to protect their rights. The most original action of
protest was organized by the actors of the Opera and Ballet Theater,
who boycotted Anush Opera performance.
From: Baghdasarian