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Pope Francis leaves Armenia ending his pastoral visit

Pope Francis and Catholicos of All Armenians visit Khor Virap Monastery at the foot of Ararat and launch doves of peace

Aliyev says Azerbaijani armed forces seized part of Karabakh districts during April aggression

Serzh Sargsyan: Pope Francis' calls for peace and tolerance are a powerful signal for peaceful settlement of regional problems

Serzh Sargsyan: I am sure we will find the best possible option of settlement for Nagorno-Karabakh people

President of Armenia calls on Armenians worldwide to unite to settle the three fundamental issues of the Armenian people

Karekin II and Pope Francis sign Common Declaration: "We express our hope for a peaceful resolution of the issues surrounding Nagorno-Karabakh"

Armenian President: We are grateful to Pope Francis for visiting Armenia and showing warm attitude to Armenian people

Vatican reacts to Turkey’s criticism: “Pope has never been on a Crusade, he tries to build peace rather than to wage war”

Pope Francis: “May the Armenian Church walk in peace and may the communion between us be complete.”

Karekin II: The processes of secularism are intensifying, spiritual and ethical values and views are distorted, and the family structure, established by God, is being shaken

Pontifical Divine Liturgy underway in the Mother See of Holy Etchmiadzin at the St. Trdat Open Air Altar

Ilham Aliyev: Nagorno-Karabakh will never get independence

Karekin II: More practical steps must be taken by Christian churches on the road to searching for peace

Pope to Armenian people: Your sufferings are our own

Pope Francis participates in ecumenical meeting with Patriarch of Armenian Apostolic Church, Karekin II, in Yerevan

Police make statement over recent detentions in Yerevan

Police confirm reports on detention of activist Shant Haroutiunyan's son

Detentions continue in Yerevan

Pope Francis sends telegram to Turkish president

Pope Francis visits Church visits Armenian Apostolic Cathedral of the Seven Wounds and the Holy Martyrs Armenian Catholic Cathedral in Gyumri.

Fr. Federico Lombardi, S.J. says Pope Francis speaks about past tragedies not to inflame wounds, but to help create grounds for reconciliation

Federico Lombardi says Pope Francis enjoyed magnificent view of Biblical Mount Ararat

Pope Francis visits Our Lady of Armenia Catholic Educational Center in Gyumri, Armenia

Pope Francis expresses his gratitude to religious and civil authorities of Armenia

Pope Francis talks to the faithful

Pope Francis delivers a homily in Gyumri

Venice Commission experts make remarks about new proposals on Electoral Code of Armenia

Arsen Khojoyan, who was taken captive in Azerbaijan, kills a 17-year-old girl in Armenia

Pope Francis holding his first Mass in Gyumri, Armenia

OSCE MG urges Azerbaijan and Armenia to remove all remaining obstacles to expanding OSCE CiO Personal Representative's mission

Pope Francis and Catholicos of All Armenians arrive in Gyumri

Pope Francis visits Tsitsernakaberd Memorial dedicated to Armenian Genocide victims

Monument to Grigor Narekatsi to be erected in Vatican, Director of Holy See Press Office Federico Lombardi says

OSCE CiO Frank-Walter Steinmeier is expected to travel to South Caucasus

President Serzh Sargsyan and His Holiness Pope Francis had private meeting

Pope quotes Charents: Our turquoise sky, our clear waters, the flood of light, the summer sun and the proud winter borealis... our age-old stones ... our ancient etched books which have become a prayer

Charge pressed against commander of serviceman driven to suicide

Souvenir sheet and mini-sheet with four stamps dedicated to visit of Pope Francis to Armenia put into circulation

Zurabishvili: Ankara has always supported Tbilisi's aspirations including integration into NATO

Naira Zohrabyan: It is necessary to suppress Turkish fascism

Nino Burjanadze: It is absolutely unfavorable for Georgia to join NATO now

Situation around Nagorno-Karabakh is rather vulnerable, Ambassador Piotr Switalski says

Pope Francis arrives in Armenia

Central Valley Congressmen urge US to follow Pontiff's lead in reaffirming Armenian Genocide

Electricity price in Armenia to be reduced by 2.58 drams on Aug 1 2016

Eduard Sharmazanov sees generally positive tendency in Karabakh peace process

France-based committee for political prisoners in Armenia addresses Pope Francis over Zhirayr Sefilyan's detention

Vice Speaker of Armenian Parliament says Moscow reacted very strongly to Baku's attempt to distort situation around Karabakh

Senior advisor on Iran at the U.S. State Department says Armenia contributed to Iran's recent nuclear deal with the West

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. 

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