by Alexandr Avanesov
At its today's session, the Armenian parliament voted on a bill to postpone for a year the introduction of mandatory accumulative pension. The results of the voting showed 46 MPs voted "against" and 54 "for" the initiative (66 votes for were necessary).
The initiative was proposed by four factions: Prosperous Armenia, ARF Dashnaktustyun, the Armenian National Congress and Heritage.
Parliamentary majority on behalf of the ruling Republican Party of Armenia and its coalition partner Orinats Yerkir ruined the initiative.
The Armenian government launched pension reforms on January 1, 2011 by introducing a voluntary accumulative pension system, and on January 1, 2014, the authorities want to introduce a mandatory accumulative pension system and oblige some 250,000 people born later than January 1974 to pay 5% of their salaries every month saying that another five percent, but no more than AMD 25,000 (AMD 300,000 for entrepreneurs) will be added by the government.