Newsfeed

On Aug 2 South Caucasus Railway's commuter trains will be free of charge all over Armenia

Worker killed by a rock fall at perlite deposit in Aragatsavan

Azeris continue firing at Armenia's borderline villages

Serzh Sargsyan: OSCE Minsk Group has suggested principles that can serve as pivot for settling Nagorno-Karabakh conflict

Paruyr Hayrikyan: Armenia and Ukraine have a common "frenemy" in the person of Russia

Electric Networks of Armenia is going to dispute Public Services Regulatory Commission's decision to impose a 15mln AMD fine on it

Economist: In face of economic sanctions against Russia, it is necessary to speed up the process for creating Eurasian Economic Union

Economist: The West's sanctions against Russia will affect the Armenian economy

Rostelecom launches online payment service

Public Services Regulatory Commission of Armenia imposes a 15mln AMD fine on Electric Networks of Armenia

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Ashot Manuicharyan: Armenian President's function is to answer "yes, sir!" and to go do it

Deputy Prime Minister of Azerbaijan criticizes the ICRC again

Nature protection minister charges to resolve problems of several tailing dumps on Syunik region

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

RPA member: Nagorno-Karabakh Prime Minister's statement had no message to negotiators

Ashot Manucharyan: Armenia may face chaos or isolation at any moment

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

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