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Armenian Justice Minister: Constitutional Court's decision on accumulative pensions is an important step towards establishment of legal system in Armenia

  • Wednesday, April 2, 18:18

The Armenian Constitutional Court's decision on cancellation of the mandatory accumulative pension system is an important step towards establishment of the legal system in Armenia, Armenian Justice Minister Hrayr Tovmasyan says on his Facebook page.    

The minister calls on everybody, especially lawyers to abstain from conclusions that do not stem from the Constitutional Court's decision. "It is obvious that the given decision is another step towards development of the legal system. I am sure that it will contribute to establishment of an effective pension system in the country", says Tovmasyan.   

On April 2 the Constitutional Court (CC) of Armenia cancelled the mandatory component of the accumulative pension system. Head of the Constitutional Court of Armenia Gagik Haroutiunyan read out the CC's 64-page verdict on 2 April. The Constitutional Court adopted a decision to recognize the law null and void in the parts that infringe the citizen's right to manage his own salary. The CC has recognized invalid all the disputable articles of the law, as they are interconnected. The CC has announced 30 September the deadline for the Government and the Parliament to bring the law in line with the requirements made. The decision of the CC comes into force at the moment of announcement.  The 4 non-governmental parties: Armenian National Congress, Prosperous Armenia, Heritage and ARFD, appealed to the Constitutional Court with a relevant claim over the issue.

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