Minimum pension to be increased in Armenia to AMD 25,500
27.03.2019,
11:24
Armenia’s National Assembly passed Wednesday at the first reading a bill proposing to increase the minimum size of pensions to AMD 25,500. All the 114 MPs vote for it. Smbat Sahyan, deputy labor and social affairs minister, presenting the bill to the lawmakers, said some 18,000 pensioners will have their pensions increased, and this will cost extra AMD 800 million to the government budget.
YEREVAN, March 27. /ARKA/. Armenia’s National Assembly passed Wednesday at the first reading a bill proposing to increase the minimum size of pensions to AMD 25,500. All the 114 MPs vote for it. Smbat Sahyan, deputy labor and social affairs minister, presenting the bill to the lawmakers, said some 18,000 pensioners will have their pensions increased, and this will cost extra AMD 800 million to the government budget.
Remarkable is that the law will have retroactive force – this means that pensioners will receive the difference that has not been paid since this year’s January.
Sahyan said that this step is aimed at elimination of extreme poverty among pensioners in the country. “Does it mean that you pay 25,000 drams and people no longer live in extreme poverty?” Tigran Urikhanyan, an MP from Prosperous Armenia party asked.
The deputy minister didn’t agree with such an interpretation of his words.
”We know that poverty is gauged by using another mechanism, and it depends on the family’s income,” he said. “This means that if a person alone may be considered not extremely poor, but if this person is considered as part of the family extreme poverty can be placed on record.” ($1 –AMD 486.15). -0--
Remarkable is that the law will have retroactive force – this means that pensioners will receive the difference that has not been paid since this year’s January.
Sahyan said that this step is aimed at elimination of extreme poverty among pensioners in the country. “Does it mean that you pay 25,000 drams and people no longer live in extreme poverty?” Tigran Urikhanyan, an MP from Prosperous Armenia party asked.
The deputy minister didn’t agree with such an interpretation of his words.
”We know that poverty is gauged by using another mechanism, and it depends on the family’s income,” he said. “This means that if a person alone may be considered not extremely poor, but if this person is considered as part of the family extreme poverty can be placed on record.” ($1 –AMD 486.15). -0--
