Tweet
Armenia's cumulative-pension-opposing movement to continue fighting
January 25, 2014 | 13:57
YEREVAN. - The Armenian Constitutional Court's (CC) suspension of the
implementation of a part of the Law on Cumulative Pensions is solely
the start of the triumph.
Davit Manukyan, initiative member of the `I am Against'
cumulative-pension-opposing movement, stated the aforesaid at a pores
conference on Saturday.
`It should be understood that only two points are suspended [in the
law], and the mandatory component [in the law] is still in force. The
fight must be continued, and at greater strength,' Manukyan added.
In turn, civil initiative member Mane Tandilyan noted that the CC
suspended the provisions which can no longer be reinstated.
The initiative members also informed that they have decided to
continue the fight, and that protest marches will be held and numerous
actions will be taken in capital city Yerevan and in the regions of
Armenia, alike.
`We will take radical measures before March 28, or if the
Constitutional Court's decision is not to our liking,' the movement
members added.
The CC on Friday decided to suspend the execution of the some
components of the Law on Cumulative Pensions pending the end of
hearing of the petition into the constitutionality of the several
articles of the law.
The aforementioned court hearing is scheduled for March 28.
The participants in the `Against the Mandatory Pension Component'
rally, which was held on January 18 in capital city Yerevan, had
adopted a statement and authorized to relay, to the Constitutional
Court, the statement of the persons who are authorized to submit to
the CC the aforementioned petition by 36 MPs.
Well-known people from the Armenian show business, cinema, and radio
have joined the `We are Against the Mandatory Pension' civil movement.
The new cumulative pension plan, which formally came into force in
Armenia 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 mandatorily be allocated to cumulative 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
January 25, 2014 | 13:57
YEREVAN. - The Armenian Constitutional Court's (CC) suspension of the
implementation of a part of the Law on Cumulative Pensions is solely
the start of the triumph.
Davit Manukyan, initiative member of the `I am Against'
cumulative-pension-opposing movement, stated the aforesaid at a pores
conference on Saturday.
`It should be understood that only two points are suspended [in the
law], and the mandatory component [in the law] is still in force. The
fight must be continued, and at greater strength,' Manukyan added.
In turn, civil initiative member Mane Tandilyan noted that the CC
suspended the provisions which can no longer be reinstated.
The initiative members also informed that they have decided to
continue the fight, and that protest marches will be held and numerous
actions will be taken in capital city Yerevan and in the regions of
Armenia, alike.
`We will take radical measures before March 28, or if the
Constitutional Court's decision is not to our liking,' the movement
members added.
The CC on Friday decided to suspend the execution of the some
components of the Law on Cumulative Pensions pending the end of
hearing of the petition into the constitutionality of the several
articles of the law.
The aforementioned court hearing is scheduled for March 28.
The participants in the `Against the Mandatory Pension Component'
rally, which was held on January 18 in capital city Yerevan, had
adopted a statement and authorized to relay, to the Constitutional
Court, the statement of the persons who are authorized to submit to
the CC the aforementioned petition by 36 MPs.
Well-known people from the Armenian show business, cinema, and radio
have joined the `We are Against the Mandatory Pension' civil movement.
The new cumulative pension plan, which formally came into force in
Armenia 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 mandatorily be allocated to cumulative 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