YEREVAN, September 28. / ARKA /. Pensions in Armenia will rise by 15 percent from January 1, 2014 and the public sector salaries will grow by 40 percent from next July, Prime Minister Tigran Sargsyan said today after the extraordinary Cabinet session.
Head of government staff Vache Gabrielyan presented a draft law "On wages," which envisages introduction of the pay scale. According to him, the bill provides for adjustment of public sector salaries with the level of the minimum wage.
According to official statistics, the average nominal public sector wage in July 2013 stood at 127,200 drams, an increase of 8% compared to the same period last year.
Labor and social affairs minister Artem Asatryan presented a new procedure for calculating pensions in 2014. He said the size of an average labor pension will increase by 15%. However, more than 111,900 retirees will see their pensions rise by 25 %, 93,000 senior citizens’ pensions will rise by 20% and only a small group of pensioners, whose pensions are more than 70,000 drams will see them grow by 3 %.
Asatryan also added that the minimum pension in Armenia in 2014 will be 18,200 drams.
According to official statistics, the average pension at the end of 2012 was 29,689 drams. ($ 1 - 405.86 drams). -0-