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EXPERT: ARMENIAN GOVERNMENT IS DOING ITS BEST TO MAKE ITS PEOPLE FLARE UP
by Erik Abrahamyan
Monday, March 17, 16:33
The Government of Armenia is doing its best to make its people
flare up, Executive Director of the Union of Information Technology
Enterprises of Armenia Karen Vardanyan said on Monday.
"In Ukraine the key troublemaker was the right-wing sector, in Armenia
it is the Government," Vardanyan said.
He hopes that the Mar 22 protests against compulsory accumulative
pension in Armenia will give answers to many questions.
Economist Vardan Bostanjyan said that nobody knows how the Government
will use the people's compulsory pension contributions.
The voluntary accumulative pension system was introduced in Armenia
on Jan 1 2011. The system became compulsory on Jan 1 2014. According
to the law the minimal pension in the country will be equal to the
minimum wage, while the basic pension will total 150% of the minimum
wage. The compulsory accumulative pension system covers the citizens
born after Jan 1 1974 (the citizens below 40). Starting Jan 1 2014,
5% of their salaries are transferred to their personal accumulative
accounts. The government transfers a similar amount (but no more
than 25,000 drams). People are displeased not only with the mandatory
component of the system but also with the absurd situation following
the Constitutional Court's decision of January 24 that suspended some
provisions of the Law on the Accumulative Pension until the Court
considers its constitutionality on Mar 28 2014. The Court suspended
Article 76 stipulating responsibility for refusing to make compulsory
pension contributions or failing to do in time and Paragraph 3 of
Article 86 saying that the employees covered by the system should
choose a pension fund. Nevertheless, the Finance Ministry of Armenia
urges employers to calculate and make accumulative pension payments
and employees to choose a pension fund and a manager for it. The
picketers call the given approach a robbery.
http://www.arminfo.am/index.cfm?objectid=C9DEA640-ADD8-11E3-AFB10EB7C0D21663
by Erik Abrahamyan
Monday, March 17, 16:33
The Government of Armenia is doing its best to make its people
flare up, Executive Director of the Union of Information Technology
Enterprises of Armenia Karen Vardanyan said on Monday.
"In Ukraine the key troublemaker was the right-wing sector, in Armenia
it is the Government," Vardanyan said.
He hopes that the Mar 22 protests against compulsory accumulative
pension in Armenia will give answers to many questions.
Economist Vardan Bostanjyan said that nobody knows how the Government
will use the people's compulsory pension contributions.
The voluntary accumulative pension system was introduced in Armenia
on Jan 1 2011. The system became compulsory on Jan 1 2014. According
to the law the minimal pension in the country will be equal to the
minimum wage, while the basic pension will total 150% of the minimum
wage. The compulsory accumulative pension system covers the citizens
born after Jan 1 1974 (the citizens below 40). Starting Jan 1 2014,
5% of their salaries are transferred to their personal accumulative
accounts. The government transfers a similar amount (but no more
than 25,000 drams). People are displeased not only with the mandatory
component of the system but also with the absurd situation following
the Constitutional Court's decision of January 24 that suspended some
provisions of the Law on the Accumulative Pension until the Court
considers its constitutionality on Mar 28 2014. The Court suspended
Article 76 stipulating responsibility for refusing to make compulsory
pension contributions or failing to do in time and Paragraph 3 of
Article 86 saying that the employees covered by the system should
choose a pension fund. Nevertheless, the Finance Ministry of Armenia
urges employers to calculate and make accumulative pension payments
and employees to choose a pension fund and a manager for it. The
picketers call the given approach a robbery.
http://www.arminfo.am/index.cfm?objectid=C9DEA640-ADD8-11E3-AFB10EB7C0D21663