Armenian opposition challenges pension bill at highest court

Armenian opposition challenges pension bill at highest court

YEREVAN, December 17. / ARKA /. An Armenian parliamentary bloc of four parties not represented in the ruling coalition have formally asked the Constitutional Court to rule as unconstitutional a government-backed bill on introduction of mandatory funded pension system to come into force form January 1 next year.

The petition to the country’s high court was signed by the parliament members of the Armenian Revolutionary Federation (ARF), Armenian National Congress (ANC), Prosperous Armenia Party and Heritage Party. It was delivered to the court by a large group of people protesting against the reform.

It is not clear when the Constitutional Court may discuss the petition. The bloc will be represented at the hearing by ARF member Artsvik Minasyan , a human rights defender  Artak Zeynalyan and lawyer Meri Khachatryan.

The appeal calls on the Constitutional Court to deem the section of the bill mandating high taxes as unconstitutional and violation of basic human rights.

Under the new pension plan to come into effect in January 2014, all Armenian citizens born after January 1, 1974 will have to transfer five percent of their nominal salaries to their personal retirement savings fund. The government promises to transfer as much every month, but no more than 25,000 drams ($62). -0-

17:36 17.12.2013

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