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YEREVAN. – The Armenian Constitutional Court’s (CC) suspension of the implementation of a part of the Law on Cumulative Pensions is solely the start of the triumph.   

Davit Manukyan, initiative member of the “I am Against” cumulative-pension-opposing movement, stated the aforesaid at a pores conference on Saturday.  

“It should be understood that only two points are suspended [in the law], and the mandatory component [in the law] is still in force. The fight must be continued, and at greater strength,” Manukyan added. 

In turn, civil initiative member Mane Tandilyan noted that the CC suspended the provisions which can no longer be reinstated.  

The initiative members also informed that they have decided to continue the fight, and that protest marches will be held and numerous actions will be taken in capital city Yerevan and in the regions of Armenia, alike.

“We will take radical measures before March 28, or if the Constitutional Court’s decision is not to our liking,” the movement members added.   

The CC on Friday decided to suspend the execution of the some components of the Law on Cumulative Pensions pending the end of hearing of the petition into the constitutionality of the several articles of the law.    

The aforementioned court hearing is scheduled for March 28.

The participants in the “Against the Mandatory Pension Component” rally, which was held on January 18 in capital city Yerevan, had adopted a statement and authorized to relay, to the Constitutional Court, the statement of the persons who are authorized to submit to the CC the aforementioned petition by 36 MPs.        

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

The new cumulative pension plan, which formally came into force in Armenia 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.      

Photo by Arsen Sargsyan/NEWS.am

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