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If February Armenian citizens will feel how they were deceived - activist
January 18, 2014 | 12:04
YEREVAN. - Only in the end of February Armenian citizens will feel how
they were deceived by pension plan, says the member of `We are against
compulsory cumulative pension reform' initiative.
`Only now seeing the gas bills people understand what the gas price
hike means. In February they will see what in fact happened with
pensions,' Gevorg Gorgisyan said.
He noted that allocations to the private pension funds will make not
5% but will total from 6,6 percent till 13.5.
`More people will join us when they see this. Besides, it will become
warmer,' he noted.
The activists will hold a rally in Liberty Square at 2p.m. that will
be followed by a march to the Republic Square.
The new cumulative pension plan came into force on January 1, 2014 is
mandatory for those born in and after 1974 and voluntary for those
born before 1974. In line with this plan, 5 to 10 percent of the
monthly salaries in Armenia will be deducted and allocated to private
pension funds; the latter will be reimbursed as pensions once a person
turns 63 years old.
Photo by Arsen Sargsyan/NEWS.am
News from Armenia - NEWS.am
From: Baghdasarian
January 18, 2014 | 12:04
YEREVAN. - Only in the end of February Armenian citizens will feel how
they were deceived by pension plan, says the member of `We are against
compulsory cumulative pension reform' initiative.
`Only now seeing the gas bills people understand what the gas price
hike means. In February they will see what in fact happened with
pensions,' Gevorg Gorgisyan said.
He noted that allocations to the private pension funds will make not
5% but will total from 6,6 percent till 13.5.
`More people will join us when they see this. Besides, it will become
warmer,' he noted.
The activists will hold a rally in Liberty Square at 2p.m. that will
be followed by a march to the Republic Square.
The new cumulative pension plan came into force on January 1, 2014 is
mandatory for those born in and after 1974 and voluntary for those
born before 1974. In line with this plan, 5 to 10 percent of the
monthly salaries in Armenia will be deducted and allocated to private
pension funds; the latter will be reimbursed as pensions once a person
turns 63 years old.
Photo by Arsen Sargsyan/NEWS.am
News from Armenia - NEWS.am
From: Baghdasarian