Deputy: Referendum On Introduction Of New Pension System To Be Conducted In Armenia
21.12.2010,
03:28
Public referendum will be conducted on the introduction of new accumulative pension system in Armenia, member of opposition faction “Dashnaktsutyun” Artsvik Minasyan considers.
YEREVAN, December 20. /ARKA/. Public referendum will be conducted on the introduction of new accumulative pension system in Armenia, member of opposition faction “Dashnaktsutyun” Artsvik Minasyan considers.
“Reforms proposed by the government will not provide worthy pension for our pensioners in future. I suggest the government not to discuss the draft law “On Pensions” and solve this issue through public referendum”, said Minasyan in the parliament meeting on Monday.
In its extraordinary meeting, the parliament discusses draft amendments in pension law which assume transfer to accumulative pension system. According to the amendments, it is envisaged to introduce accumulative system for the employees born in 1974 and later.
Minasyan said that the proposed amendments will cover only 700 thousand people of 1.5 million economically active population of the country. The remaining part of population, particularly unemployed will be out of proposed changes. It will bring to serious demographic problems as for giving birth to a child, the woman will have to temporary refuse accumulation of pension.
During pension reforms, particularly in Europe, serious public discussions are conducted, citizens express their opinions or disagreement whereas in Armenia everything takes place rather calmly without public discussions. He considers that citizens do not even imagine what they are expected.
Armenia moves to multi-level accumulative pension system. Accumulative component which will be introduced from 2011 on voluntary basis and from 2014 – on mandatory basis will allow to the pensioner to form the size of his future pension himself.
All employees, self-employed and farmers under 40 can use accumulative pension system from 2014. Employees will pay 5% of the salary to the pension account and 5% but not more than 25 thousand drams will pay the State. Potential pensioners can choose a manager of accumulated assets which will invest money in local and foreign securities.--0--
“Reforms proposed by the government will not provide worthy pension for our pensioners in future. I suggest the government not to discuss the draft law “On Pensions” and solve this issue through public referendum”, said Minasyan in the parliament meeting on Monday.
In its extraordinary meeting, the parliament discusses draft amendments in pension law which assume transfer to accumulative pension system. According to the amendments, it is envisaged to introduce accumulative system for the employees born in 1974 and later.
Minasyan said that the proposed amendments will cover only 700 thousand people of 1.5 million economically active population of the country. The remaining part of population, particularly unemployed will be out of proposed changes. It will bring to serious demographic problems as for giving birth to a child, the woman will have to temporary refuse accumulation of pension.
During pension reforms, particularly in Europe, serious public discussions are conducted, citizens express their opinions or disagreement whereas in Armenia everything takes place rather calmly without public discussions. He considers that citizens do not even imagine what they are expected.
Armenia moves to multi-level accumulative pension system. Accumulative component which will be introduced from 2011 on voluntary basis and from 2014 – on mandatory basis will allow to the pensioner to form the size of his future pension himself.
All employees, self-employed and farmers under 40 can use accumulative pension system from 2014. Employees will pay 5% of the salary to the pension account and 5% but not more than 25 thousand drams will pay the State. Potential pensioners can choose a manager of accumulated assets which will invest money in local and foreign securities.--0--
