Newsfeed

Situation in Yerevan is relatively calm after clashes overnight

Supporters of Daredevils of Sasoun marching from Liberty Square to Khorenatsi Street

Protest of supporters of Daredevils of Sasoun kicks off on Liberty Square

Healthcare Ministry: Doctors, who are on territory of seized building, applied first aid to injured Araik Khandoyan

Helsinki Citizens' Assembly Vanadzor Office: Police has detained activists Albert Baghdasaryan and Hasmik Yevoyan

Armenian Police: Wounded members of Daredevils of Sasoun Artur Melkonyan and Armen Lambaryan are hospitalized

Beeline and Classical Music Development Foundation sup up annual results of cooperation

Armenian NSS informs about detecting new supporters of "Daredevils of Sasoun" group

Armenian Police: Two other members of Daredevils of Sasoun are wounded in firefight on the territory of the seized building

"Oxfam" Office in Armenia revealed certain omissions in "In-home social services for lonely elderly" program

Armenia's Police: Firefighting occurred on territory of Police Patrol Service Regiment-Araik Khandoyan is wounded

Armenian Ombudsman urges state bodies and public figures to activate efforts for eliminating any forms of human rights violations

VTB Bank (Armenia) is the first on Armenian market to launch money transfers via TelCell system

Journalist Levon Barseghyan to be released

Son of Arshak Sadoyan, member of Public Council, arrested over violence against police officer

Lawyer: Health condition of wounded Pavel Manukyan deteriorates, as he refuses food and medicines

Avaz Hasanov: Karabakh conflict can be settled by common consent, if Russia is left out of it

Director of Emergency Aid CJSC says wounds of members of "Daredevils of Sasoun" in territory of seized police regiment not heavy

Family of Monte Melkonyan addresses Serzh Sargsyan over arrest of Alek Yenigomshyan

Newspaper: General Vitaly Balasanyan again mediates talks between "Daredevils of Sasoun" and authorities of Armenia

Police search Alek Yenigomshyan's house

Sources: Missing contract officer of 102nd Russian military base in Armenia found

Standoff in Yerevan, where armed group of Karabakh War veterans seized Police regiment, enters day 13: no incidents occurred overnight

Vartan Oskanian urges immediate release of Alek Yenigomshyan

"Please take me as hostage": Supporters of Daredevils of Sasoun have new slogan for today's protest

Armenia's NSS established identity of person who made false alarm on terror threat on July 27

Beeline continues registering participants of "Eurasia Mobile Challenge" local round

66 citizens were detained on July 27, 61 of them released

Anti-crisis group: Armenian authorities' violent actions provoke a wave of civil disobedience

Opposition demands to convey extraordinary session of parliament while most of MPs have gone on holiday to the best foreign resorts

"Daredevils of Sasoun" addresses Diaspora and world community asking condemnation for "unlawful" detention of Alek Yenigomshyan

HRH Yerevan condemns police activities against peaceful civilians, while public organizations demand extraordinary session of parliament

Sources in 102nd Russian military base in Armenia say contract officer disappears from base

Journalist Levon Barseghyan: "Freedom has its Price and I have always paid that Price!"

Oppositionist Alek Yenigomshyan detained on suspicion of supporting "Daredevils of Sasoun"

Health Ministry of Armenia says 14 citizens injured in recent developments in Yerevan still in hospital

Armenian Ombudsperson's Office representatives visit detained citizens

Azerbaijan targets positions in Talish village with grenade launchers

President of Journalists Club "Asbarez" Levon Barseghyan detained

Police of Armenia say almost of detained citizens set free

National Security Service of Armenia leaves open possibility of using force against "Daredevils of Sasoun"

Armenia's Police alarmed over bomb in Zvartnots International Airport

One of medical workers of Ambulance service released from seized building

One of leaders of Founding Parliament Alek Yenigomshyan detained

Arrest chosen as measure of restriction for Pavel Manukyan's son: Manukyan himself launched hunger strike

Leaders of "Founding Parliament" decide to hold protests on Liberty Square

Anti-Crisis group justifies its "mistakes" with intention to avoid bloodshed

Armenian police detaining all citizens passing by Khorenatsi Street near the seized building, foreign citizens among them

National Security Service of Armenia addresses members of Daredevils of Sasoun: The possibility still exists but the time is running out

Yenigomshyan believes in success of oppositionist movement

Regional

Armenian opposition determined to fight Law On Funded Pension

  • by Alexandr Avanesov

  • Tuesday, June 24, 01:23

Armenian Parliament's opposition parties condemn the work style of the political majority and stand ready to fight for fulfillment of the Constitutional Court's decision together with the public, the four parliamentary opposition parties say in a statement following adoption of the Law On Funded Pension on 21 June. 

The authors of the statement - MPs from ARFD, Prosperous Armenia, Armenian National Congress and Heritage Parties, do not recognize the voting on the Law. They claim that the parliamentary majority passed the Law through gross violations of the Parliament's Regulations, as well as by restricting the rights of the opposition factions and parliamentarians.  At the latest extraordinary meeting of the parliament, the parliamentary opposition tried to prevent the unlawful attempts of the majority to push through a range of disputable laws that have not been submitted to public discussions and have not been approved by relevant commissions. 

"Such work style damages the image of the legislative body and undermine the statehood of Armenia," they say.

Parliament of Armenia passed amendments to the Law On Funded Pension and a number of related laws at the extraordinary meeting on 21 June.

Minister of Labor and Social Affairs Artyom Asatryan said the amendments look to prevent reduction in income after the funded pension systems comes into effect. The amendments provide for launching the mandatory funded pension system for the employees of the government sector starting 1 July 2014. For the private sector, the system will be gradually introduced on a voluntary basis within three years.  The mandatory pension payments that came into effect on Jan 1 2014 will not be charged any longer.  Instead, a social-purpose payment in the amount of 5% of the salary will be transferred to the state budget every month.

The ceiling of the salary is 500,000 drams.  In case of higher salary, the social-purpose payment must not exceed 25,000 drams. Starting 1 July 2014, the salary of the civil servants will be increased in the following sectors: health care - by 21.5%, education - 13.9%, culture - 29.6% , social security - 21.6%, state government - 47%, civil servants - 68%. With introduction of the new system of salary accounting, the government offers setting additional guarantees for pension insurance. In this light, the Government offers applying the mandatory component of the funded pension only to the civil servants at the initial stage.

As regards the other participants in the system, for them the funded pension will become voluntary for a period of three years.  If a person wants to join the system, he will be making relevant social-purpose payments from his salary. If a person refuses to join the system, no payments are charged from his salary, but he falls out of the system.  An employee born after 1 January 1974 who will be making social-purpose payments starting 1 July 2014 will have no opportunity to quit the system after changing his job. The Government also suggests introducing the state's participation in accordance with general practices for the 40-50-aged persons wishing to take part in formation of their accumulative pension. If a person gets a minimum salary, his/her social payments will be made by the employer. In case the employee dies, his/her accumulative pension may be transferred to the heirs. For the mothers on the maternity leave, the Government will be paying 5,000 drams  and the employer - 3,000 drams. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields