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People to march against pension reform in Armenia on 21 February

  • by Tatevik Shahunyan

  • Thursday, February 20, 14:02

People will be marching against the Mandatory Accumulative Pension System in Armenia on 21 February. 

In a relevant group on Facebook the organizers urge people to go to streets with electric torchlights at 6:30pm Yerevan time on 21 February. The action will start from the Institute of Ancient Manuscripts Matenadaran. The torchlights will be symbolizing the right path for the citizens having no strict position on the pension reform.

To recall, the voluntary accumulative pension system was introduced in Armenia on Jan 1 2011. The system became compulsory starting Jan 1 2014, which sparked public outrage.  Armenian Constitutional Court's decision of January 24 suspended some provisions of the Law on the Accumulative Pension until the Court considers its constitutionality on Mar 28 2014.

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