YEREVAN. – Armenian parliamentary majority, on behalf of the Republican Party of Armenia, on Thursday voted to approve amendments to the law on pensions that was submitted by the government.

The bill was approved by 67 votes for, 18 against, and 29 abstentions, the Armenian News-NEWS.am correspondent reports from the parliament.

Prior to the vote, representative of Orinats Yerkir Hovhannes Margaryan said the group will vote against the bill as they oppose the proposed amendments.

The proposed measures, namely cancellation of penalties for rejecting  accumulative pension payments, are accepted temporarily  until the new legislation in accordance with the decision of the Constitutional Court on April 2 is adopted.  The final package of laws has to be adopted before September 30. Thus, the mandatory funded pension system, which came into force in Armenia from January 1, was temporarily transformed into voluntary.


YEREVAN. – Armenian parliamentary majority, on behalf of the Republican Party of Armenia, on Thursday voted to approve amendments to the law on pensions that was submitted by the government.


The bill was approved by 67 votes for, 18 against, and 29 abstentions, the Armenian News-NEWS.am correspondent reports from the parliament.

 

Prior to the vote, representative of Orinats Yerkir Hovhannes Margaryan said the group will vote against the bill as they oppose the proposed amendments.