Newsfeed

Economy minister: Armenia intends to diversify its foreign trade to avoid trade risks with Russia

Qatari and Greek air companies announce their entry into Armenia's airfreight market

Russia will go on selling weapons to Armenia and Azerbaijan on a parity basis in 2015

Over past 4 years INECOBANK received USD 50mln loans from Symbiotics and ResponsAbility to finance micro business

Russian Government approves lending $270 mln to Armenia for prolongation of Armenian Nuclear Power Plant's lifespan

Russian Government considers protocol on supplies of gas, oil derivatives and rough diamonds to Armenia without customs duties

Cooperation between VivaCell-MTS and Opera Support Fund marked by a holiday concert

Russian Government discusses lending $270 mln to Armenia for prolongation of Armenian Nuclear Power Plant's lifespan

People's guards in Noyakert detain Turkish citizen who pried information about villagers

On Dec 25 banks were more active on interbank forex market than at NASDAQ OMX Armenia

Armenian citizen detained by Russian border guards while attempting to illegally cross Armenian-Turkish border

Electric locomotive repaired in Armenia for the first time in 25

Beeline and Classical Music Development Fund summed up results of cooperation over 2014

Hayk Demoyan: Turkey tries to sow discord within Armenian Diaspora structures on the threshold of the 100th anniversary of the Armenian genocide

Syrian newspaper: Situation stable in Kessab

Azerbaijan's Defense Ministry tries hardest to conceal the losses after Armenia's retaliation for the downed helicopter, a source in security agencies says

The personal investment of VivaCell-MTS employees in the creation of a computer class in the boarding school of Byureghavan

Geoteam has contributed around AMD 720 million (USD 1.6 million) to communities adjacent to Amulsar in land rental fees.

Nursultan Nazarbayev ratifies treaty on Armenia's accession to the EEU

Films on Armenian Genocide to be shown in 20 countries in 2015

Gallup International Association: Yerevan residents give 3.9 points (out of 5) to activity of Police Head

Gallup International Association: Yerevan residents give Mayor Taron Margaryan 4.1 points (out of 5)

Fatih Akin's "The Scar" to be demonstrated in Yerevan

Beeline subscribers can receive free roaming calls in any country

Robert Kocharyan's Office refutes information about two presidents' meeting

Levon Hayrapetyan hospitalized due to health deterioration

Newspaper: Seyran Ohanyan to run for president from Republican Party of Armenia in 2018

Central Bank of Armenia raises refinancing rate from 6.75% to 8.5%

Hrachya Rostomyan: The European Games are not the property of Baku

For the first time Armenian journalists get an opportunity to participate in fourth annual contest of Rostelecom OJSC

Rostelecom's investments in Armenia to total nearly AMD 3 billion in 2015

ProCredit Bank makes surprise offer to its customers - Holiday Deposit

Gagik Tsarukyan to call a meeting for opposition political parties, organizations and movements

Armenian National Congress: "Latest financial crisis is one more reason to shift power in Armenia"

George Clooney's wife to represent Amenia at ECHR

Seyran Ohanyan: After downing Armenian helicopter, Azerbaijan received incommensurate retaliation from Armenia

Armenian Motor Insurers' Bureau warns car owners about 100,000 AMD fine for absence of obligatory motor insurance contract

Armenia's Central Bank sold banks $1mln out of offered $2mln on Dec 22

Beeline Children Development Corners in Yerevan

Areximbank-Gazprombank Group starts issuing Visa payWave cards

OJSC "VTB Bank" finances construction of a mining and concentration plant in Teghut

VivaCell-MTS offers 4G for the price of the 3G

Head of National Security Service of Armenia: NSS is not going to watch power change attempts from the sidelines

Nagorno-Karabakh Defense Army soldier dies

Civil initiative "Dem em" (I am against) to hold an action "March to support"

  • Monday, June 9, 18:04

 The "Dem.em" [I am against] movement, which is a civic initiative that opposes the mandatory component of the new funded pension law in Armenia, invited everyone to nearby capital city Yerevan's the Matenadaran on 11 June, where a March of Support will kick off, the "Dem. em" reported.

"Let's all become one fist and support our numerous citizens who are being put under pressure by their employers who, in their turn, are under the pressure of the authorities. A large part of our citizenry is deprived of the opportunity to write a petition not to participate in the mandatory funded pension plan, which was declared unconstitutional.

"We call on all those, who have an opportunity to write a petition, not to remain indifferent toward the oppressed citizens and to make the March of Support strong with their presence.

"And we call on the citizens under pressure to definitely join the march to feel the support of us all," the "Dem.em" statement reads, in particular.
The new funded pension plan, which formally came into force in Armenia on January 1, 2014, is mandatory for those born in and after 1974 and voluntary for those born before 1974. In line with this plan, 5 to 10 percent of the monthly salaries in Armenia will be deducted and mandatorily be allocated to cumulative pension funds; the latter will be reimbursed as pensions once a person turns 63 years old.      

On January 24, however, the Constitutional Court decided to suspend the execution of some components in the Law on Funded Pensions pending the hearing of the petition submitted by the four non-ruling-coalition parliamentary forces, and into the constitutionality of the several articles of the law. The Armenian government made alterations to the document which foresees refusal of citizens to take part in the given system till 30 September of the current year, the term given by the constitutional Court to the government to make the law meet the Constitution.

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