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PENSION REFORM: NEW (SUSPENDED) LAW CONTINUES TO CAUSE HEADACHES FOR WORKERS AND EMPLOYERS
http://armenianow.com/society/pensions/52123/pension_reform_armenia_constitutional_court_taxes
PENSIONS | 19.02.14 | 16:32
Photolure
By Gohar Abrahamyan
ArmeniaNow reporter
The head of the Republican Union of Employers of Armenia says the law
on mandatory pension savings is as strictly observed and imposed as
the law on taxes.
Despite the fact that the Constitutional Court (CC) has not made its
final decision about the controversial law on the pension reform, many
employers have been making the 5-10 percent pension funds deductions
from salaries. This has stirred public discontent and several state
staffs have been holding acts of protest in this concern.
Tuesday, the personnel of Armenia's strategically most important
structure - Metsamor Nuclear Power Plant - joined the standoff; they
submitted a letter to the Ombudsman's Office demanding to protect
their rights from being violated because of the law on mandatory
pension savings.
Last week staffs of the Electric Networks of Armenia company, the
subway, the South-Caucasian Railways LLC and the National Academy of
Opera and Ballet performers staged protests.
According to the employers' union leader Gagik Makaryan, many among
employers make the payments because on some levels they are connected
to the authorities, some because of the parliamentary mandates,
while others do so to avoid problems in the future.
"We are told that the new pension savings system has been introduced
for our future, however the compulsion mechanisms are equal to
mechanisms and sanctions of imposing taxes. If an employer fails
to make the payment, his property might be foreclosed equal to the
size of the unmade payments, meaning that the punishment in this case
is equal to the sanctions applicable by the tax code in case of tax
evasion," Makaryan told the press on Wednesday, adding that should
the CC decide that the payments have to be made, those employers
who would have not done so might have serious issues. "People found
businesses with great difficulties, they buy property and would not
like to lose it all by one strike."
http://armenianow.com/society/pensions/52123/pension_reform_armenia_constitutional_court_taxes
PENSIONS | 19.02.14 | 16:32
Photolure
By Gohar Abrahamyan
ArmeniaNow reporter
The head of the Republican Union of Employers of Armenia says the law
on mandatory pension savings is as strictly observed and imposed as
the law on taxes.
Despite the fact that the Constitutional Court (CC) has not made its
final decision about the controversial law on the pension reform, many
employers have been making the 5-10 percent pension funds deductions
from salaries. This has stirred public discontent and several state
staffs have been holding acts of protest in this concern.
Tuesday, the personnel of Armenia's strategically most important
structure - Metsamor Nuclear Power Plant - joined the standoff; they
submitted a letter to the Ombudsman's Office demanding to protect
their rights from being violated because of the law on mandatory
pension savings.
Last week staffs of the Electric Networks of Armenia company, the
subway, the South-Caucasian Railways LLC and the National Academy of
Opera and Ballet performers staged protests.
According to the employers' union leader Gagik Makaryan, many among
employers make the payments because on some levels they are connected
to the authorities, some because of the parliamentary mandates,
while others do so to avoid problems in the future.
"We are told that the new pension savings system has been introduced
for our future, however the compulsion mechanisms are equal to
mechanisms and sanctions of imposing taxes. If an employer fails
to make the payment, his property might be foreclosed equal to the
size of the unmade payments, meaning that the punishment in this case
is equal to the sanctions applicable by the tax code in case of tax
evasion," Makaryan told the press on Wednesday, adding that should
the CC decide that the payments have to be made, those employers
who would have not done so might have serious issues. "People found
businesses with great difficulties, they buy property and would not
like to lose it all by one strike."