YEREVAN. – The new package of bills on cumulative pensions is being discussed in the government, Labor Minister Artem Asatrtyan told reporters on Saturday.

The Minister confirmed that the new package will be submitted to parliament till July 1, as planned earlier.

President Serzh Sargsyan on Monday signed the Law on Making an Amendment to the Law on Funded Pensions.

On May 15, the National Assembly had approved the revisions on the Law on Funded Pensions. In line with the revisions, the funded pension deductions will become voluntary until the government submits the new bill that will decide the ultimate fate of the pension reform. Starting from Thursday, the people have begun sending respective petitions to their employers.