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Young Scholars Protest Against Armenia Pension Reform (PHOTOS)

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  • Young Scholars Protest Against Armenia Pension Reform (PHOTOS)

    YOUNG SCHOLARS PROTEST AGAINST ARMENIA PENSION REFORM (PHOTOS)

    March 17, 2014 | 13:45

    YEREVAN. - Several dozens of young researchers at the National
    Academy of Sciences (NAS) of Armenia, who are protesting the new
    pension plan in the country, assembled in front of the NAS building
    on Monday afternoon (photo).

    They wrote a letter addressed to NAS President Radik Martirosyan, in
    which they express their disagreement with the decision to deduct the
    mandatory pension payments from their salaries, demand from Martirosyan
    to appeal this matter at the relevant bodies, and also warn that the
    young scholars are ready to defend their rights and freedoms.

    The young scholars handed the letter to the NAS Letters' Section.

    Radik Martirosyan, on the other hand, received solely the journalists,
    and said that nothing is dependent on them, and if there is a law,
    everyone shall obey it.

    After handing the letter, the young scholars walked toward the
    Constitutional Court building, where they will hand a similar letter
    that expresses their concerns over this new law.

    The new funded 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.

    On January 24, however, the Constitutional Court decided to suspend the
    execution of some components in the Law on Funded Pensions pending
    the hearing--on March 28--of the petition submitted by the four
    non-ruling-coalition parliamentary forces--the Armenian National
    Congress, Prosperous Armenia, ARF Dashnaktsutyun, and Heritage--,
    and into the constitutionality of the several articles of the law.

    Notwithstanding this, some employers already are deducting the
    mandatory pension payment from the salaries of their employees.

    http://news.am/eng/news/199322.html
    https://www.youtube.com/watch?v=beQDK_Au-S8

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