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Armenian civic group protests pension reforms

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  • Armenian civic group protests pension reforms

    Armenian civic group protests pension reforms

    15:54 * 22.03.14


    As part of its active campaign against the funded pensions, the civic
    group I am Against!organized Saturday afternoon a new rally in
    Yerevan's Liberty Square to protest against the compulsory component
    of the new pension law.


    The activists are planning a march after the event.


    Speaking at the meeting, several members of the group said the
    initiative is aimed demonstrating the solidarity of the civic campaign
    and raising the society's awareness of the developments that followed
    their first rally held on January 18.


    Opposition lawmakers also joined the public event.


    The activists of I am Against! urge the Constitutional Court to
    declare the mandatory component of the pension law illegal.


    The controversial pension reforms, which went into effect on January
    1, required that all the employed Armenian citizens born in 1974 or
    later make monthly contributions to the pension funds in the amount of
    5%-10% of their salaries. The measure met strong protests by the
    society, with many expressing distrust in the system. The
    parliamentary opposition (ARF-D, Heritage, Armenian National Congress
    and Prosperous Armenia) later appealed to the Constitutional Court,
    asking it to revise the controversial provisions of the amended
    pension law. On January 24, the CC issued a ruling to suspend the
    mandatory component. A final ruling is due on March 24.

    http://www.tert.am/en/news/2014/03/22/dem-am/

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