Constitutional court must offer legal institution for citizens to restore their rights, infringed by new pension scheme-mp

Constitutional court must offer legal institution for citizens to restore their rights, infringed by new pension scheme-mp

YEREVAN, April 2. / ARKA /. Armenia's Constitutional Court must offer a legal institution for citizens to restore their rights, infringed by the law on funded pension system that was enforced by the government on January 1, Artsvik Miansyan, a lawmaker from the opposition Armenian Revolutionary Federation/Dashnaktsutyun, said today in comments on the ruling of the Constitutional Court that invalidated several provisions of the controversial law.

Mr. Minasyan praised the country’s highest court for its decision. "At this moment, out preliminary assessment is satisfactory, but let's not hurry and explore first the final text of the decision, following which a new stage of the struggle is to begin,” he said.

In related comments justice minister Hrayr Tovmasyan wrote in his Facebook page that the reaction to the ruling is different and contradictory. 

“Everyone sees in it what he/she wants to see. I urge lawyers in the first place to refrain from making conclusions not emanating from the decision," he wrote.

"Obviously, this decision marks a next step in the development of our legal system. I am sure that it will help create more efficient pension system," he said.

The Constitutional Court ruled today that several clauses in the law "which impose certain obligations to the citizens limit some of their rights guaranteed by the Constitution." It  ruled that the Armenian pension law has some shortcomings which should be eliminated before the 30th of September

The court temporarily had suspended the law in January, days after it came into force, after thousands protested against it in Yerevan.

According to the new law, citizens born after January 1, 1974, were to contribute 5 percent of their monthly salaries to a pension fund and the government was to match that contribution with another 5 percent, not to exceed 25,000 drams ($61) per month.

According to a recent public opinion survey conducted by Gallup International Association, more than 88% of respondents in Yerevan were against the mandatory funded pension system. -0 -

17:25 02.04.2014

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