4 ARMENIAN PARLIAMENTARY FACTIONS TO PARTICIPATE IN RALLY
January 10, 2014 | 17:40
YEREVAN. – The four non-ruling-coalition factions of the Armenian
National Assembly (NA) held a joint consultation on Friday.
Opposition Armenian National Congress (ANC) bloc NA Faction Head,
ANC Party Vice-Chairman Levon Zurabyan confirmed this information to
Armenian News-NEWS.am.
The citizens’ initiative, which is fighting against the mandatory
cumulative pension plan-which came into force in Armenia on January 1,
2014-, has called for a rally on January 18.
Zurabyan noted that the four aforesaid NA factions-specifically, ANC,
Prosperous Armenia, ARF Dashnaktsutyun, and Heritage-were asked to
take part in this rally, and they have agreed to do so.
The new cumulative pension plan-which came into force on January 1,
2014-is mandatory for those born in and after 1974 and voluntary for
those born before 1974. In line with this plan, 5 to 10 percent of
the monthly salaries in Armenia will be deducted and mandatorily be
allocated to cumulative pension funds; the latter will be reimbursed
as pensions once a person turns 63 years old.
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