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Opposition Deputies To Be Present At January 18 Rally As "Participan

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  • Opposition Deputies To Be Present At January 18 Rally As "Participan

    OPPOSITION DEPUTIES TO BE PRESENT AT JANUARY 18 RALLY AS "PARTICIPANTS"

    Tuesday 14 January 2014 12:31
    Photo: PanArmenian Photo

    Prosperous Armenia Faction Secretary Naira Zohrabyan

    Yerevan /Mediamax/. Prosperous Armenia Faction Secretary Naira
    Zohrabyan denied rumors related to the rally to be held by the 4
    not-ruling parliamentary factions on January 18 in order to demand
    to stop the entry of mandatory savings element of pension funds
    into force.

    The idea to participate in the rally belongs to the "I am against the
    Mandatory Accumulation Pension System" Initiative, Naira Zohrabyan
    told Mediamax.am.

    "The deputies of the 4 not-ruling parliamentary factions - PAP,
    ARF, ANC and Heritage - will simply take part in the rally. It's not
    right to introduce the rally as jointly organized by the 4 factions",
    the PAP Secretary said.

    Naira Zohrabyan, however, didn't rule out that PAP supporters might
    participate in the rally expressing their disagreement with the issue.

    The mandatory savings element of pension funds came into force in
    Armenia on January 1.

    According to it, all employed citizens aged 16 to 40, born in and
    after January 1, 1974, will receive mandatory accumulation pension
    upon reaching their retirement age by making 5% monthly savings on
    their pension account. People receiving salaries up to AMD 500,000
    will have to pay additional 5% set by the state. According to the law,
    the amount of mandatory savings should make up the 10% of the salary.

    http://www.mediamax.am/en/news/politics/8709/

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