YEREVAN. – Prime Minister Hovik Abrahamyan on Friday discussed with Armenia’s four non-ruling National Assembly (NA) factions (Armenian National Congress, Prosperous Armenia, ARF Dashnaktsutyun, and Heritage) the Law on Funded Pensions.      

Abrahamyan himself informed the above-said to reporters, immediately after the talk with the “parliamentary four.”
“I heard about the meeting and decided to join my colleagues. We worked together with them in the parliament; we will work now, too,” the PM stated.  

In his words, the government will continue deliberations on the pension bill.

The government is preparing a bill on temporarily suspending the mandatory funded component of the pension payments. The final version of the bill, which proceeds from the April 2 decision by the Constitutional Court, will be ready by the end of September.

On April 2, the Constitutional Court (CC) of Armenia declared unconstitutional a whole series of articles in the new Law on Funded Pensions. Despite this ruling, however, the state-run financial institutions still obliged the employers to make mandatory funded pension cuts from the salaries of their employees. The respective reasoning was that the CC gave the parliament and the government until September 30 to amend the aforesaid law’s provisions that were deemed unconstitutional.