Constitutional court declares some provisions of Armenian new pension law invalid

Constitutional court declares some provisions of Armenian new pension law invalid

YEREVAN, April 2. /ARKA/. 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 completed today consideration of constitutionality of the new law it started Wednesday March 28. The ruling was read out by the chairman of the Constitution Court Gagik Harutiunyan.

The constitutionality of the law was challenged by three opposition parties in the National Assembly — the Armenian National Congress, the Armenian Revolutionary Federation, and the Heritage Party — along with the usually pro-government Prosperous Armenia Party.

On January 24 Armenia’s Constitutional Court suspended Article 76 of the new pension law, which provides for penalties for failed or delayed pension tax payments, and the third paragraph of Article 86, which obligates employed citizens to choose a pension fund, among other parts of the law.

According to a poll by Gallup International Association, over 88% of some 1,066 respondents in Yerevan have not supported the new funded pension scheme. –0--

12:57 02.04.2014

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