Armenian citizens obliged to pay pension fees until September 30 – ministry of justice

Armenian citizens obliged to pay pension fees until September 30 – ministry of justice

YEREVAN, April 10. /ARKA/. Armenian citizens are obliged to pay their pension fees until September 30, deputy minister of justice Yeghishe Kirakosyan said at a government meeting Thursday, in presenting the cabinet’s position on the Constitutional Court ruling.

The new funded pension law was introduced in Armenia as from January 1 2014 and covers all citizens born after January 1, 1974. The new law gave rise to protests in the society. On Wednesday April 2 Armenia’s Constitutional Court declared a number of provisions of the new funded pension plan law conflicting with the country’s constitution and, hence invalid. The Court set September 30 as the deadline for harmonizing the funded pension legislation with its decision. All payments to pension funds charged under the new funded pension law before the ruling must be re-assessed.

According to Kirakosyan, having studied the court ruling lawyers concluded that the law provisions declared unconstitutional will remain constitutional and will be in full effect until September 30.

Vice-premier, minister of territorial administration Armen Gevorgyan, in his turn, instructed to get this point across to all ministries.

Armenia’s minister of labor and social affairs Artem Asatryan said instructed by the premier Tigran Sargsyan (who resigned on April 3) a working group is set up to develop the respective amendments to the law by May 15. The minister urged “Dem Em” (I’m Against) protesters against the funded pension scheme to get involved in this working group. –0--

12:55 10.04.2014

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