Retirement age in Armenia to remain the same: minister

|

USD

391.74

EUR

426.88

RUB

4.5721

GEL

141.28

Society

26.03.2012, 16:53

Retirement age in Armenia will remain the same, Ministry of Labor and Social Affairs Artur Grigoryan said on Monday.

Retirement age in Armenia to remain the same: minister

YEREVAN, March 26. /ARKA/. Retirement age in Armenia will remain the same, Ministry of Labor and Social Affairs Artur Grigoryan said on Monday.

“We think that the retirement age in Armenia (63 years old) corresponds to Armenia’s current policy,” he said.

The Minister said that today there are no conditions to change the retirement age in Armenia.

Grigoryan also reminded that Armenian authorities are conducting activities to embed mandatory funded pension system in Armenia.

The process of pension reforms was kicked off in Armenia on January 1, 2011, by embedding voluntarily funded pension system. Mandatory funded pension system is expected to be implemented since January 1, 2014 and will refer to all the citizens, born after January 1, 1974.

The funded pension system will allow a future retiree to identify the pension amount. All workers, self-employed and villagers up to 40 years old will be able to use this systemby withdrawing 5 % of their salary for the pension fund, another 5%, but not over 25,000 drams, will be contributed by the government. —0—

No reduction in property tax: Armenian government rejects the project

At a meeting on Thursday, the Armenian government rejected a bill to cancel amendments to the Tax Code, which would increase the real estate tax by 25% starting in 2026.

13.03.2025 15:38

New charges brought against former president of Armenia

A new criminal prosecution has been brought against a former president of Armenia Serzh Sargsyan, the media reported citing the Prosecutor General's Office.

12.03.2025 17:09

Breaking Stereotypes in Partnership with Ameriabank: Women, Technology and New Trends at DisruptHR Yerevan

The DisruptHR event held in Yerevan under the slogan Women Empowerment was dedicated to Women's Month, running fr4om March 8 to April 7.

12.03.2025 16:57

Almost 66% of Armenian citizens are dissatisfied with Nikol Pashinyan's work

Almost 66% of respondents in a survey conducted by the head of the Armenian office of the GALLUP International Association expressed dissatisfaction with the work of Armenian Prime Minister Nikol Pashinyan.

12.03.2025 13:49

Residents of Armenia could not clearly identify an external partner for solving socio-economic problems – survey

Respondents of a public opinion survey conducted by the Armenian office of the GALLUP International Association were unable to express a clear preference for any foreign policy partner in solving socio-economic problems.

12.03.2025 13:15

Financial and insurance sector- highest-paid industry in Armenia in 2024

The average monthly salary in Armenia in December 2024 amounted to 353,279 drams, increasing by 6.2% compared to the same period last yea, according to the Ministry of Economy.

07.03.2025 17:12

Armenian drivers' penalty points increased from 9 to 13

The National Assembly of Armenia approved, in the first reading, a bill initiated by NA Speaker Alen Simonyan to amend the system of violations for drivers.

05.03.2025 12:43

Products with milk fat substitutes in Armenia will be separated from natural products on shelves

The Armenian parliament has adopted, in its second and final reading, a draft law stipulating that products made with milk fat substitutes must be separated on shelves and clearly labeled.

05.03.2025 12:10