YEREVAN. – Well-known people from the Armenian show business, cinema, and radio have joined the “We are Against the Mandatory Pension” civil movement. 

They include radio and TV announcer Egor Glumov, actor and opera singer Arman Nshanyan, director and producer Suren Tadevosyan, and filmmaker Tigran Khzmalyan, the “Against the 5% Mandatory Pension Payment” initiative informs.  

The initiative members demand the cancellation of the new cumulative pension plan in Armenia.

The aforementioned 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.