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ARF Dashnaktsutyun to issue statement on CC decision
January 25, 2014 | 12:39
YEREVAN. - ARF Dashnaktsutyun will issue a written statement in
connection with Constitutional Court's decision to suspend
implementation of the mandatory component of the new pension plan.
`We will issue a statement soon and will fully express our position on
the matter. Before doing that, I would prefer to refrain from
comments,' ARF MP Aghvan Vardanyan told Armenian News-NEWS.am.
The Constitutional Court (CC) of Armenia on Saturday suspended the
implementation of the mandatory component of the Law on Cumulative
Pensions.
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.
News from Armenia - NEWS.am
From: A. Papazian
January 25, 2014 | 12:39
YEREVAN. - ARF Dashnaktsutyun will issue a written statement in
connection with Constitutional Court's decision to suspend
implementation of the mandatory component of the new pension plan.
`We will issue a statement soon and will fully express our position on
the matter. Before doing that, I would prefer to refrain from
comments,' ARF MP Aghvan Vardanyan told Armenian News-NEWS.am.
The Constitutional Court (CC) of Armenia on Saturday suspended the
implementation of the mandatory component of the Law on Cumulative
Pensions.
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.
News from Armenia - NEWS.am
From: A. Papazian