YEREVAN. – The meeting of representatives of four non-coalition political forces and “I am against” initiative is over.

They discussed  the format of a mass demonstration against new pension plan scheduled for March 22, “I am against” member Hakob Arshakyan told Armenian News-NEWS.am.

“We have not reached agreement on the issue. Another discussion will take place,” Arshakyan said.

The new funded 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.