YEREVAN. – The demonstrators fighting against the new law on cumulative pensions handed over their petition to the representative of the Constitutional Court questioning constitutionality of the bill.

The court representative said the document signed by 36 MPs would be studied in due terms set by the law.  

After handing over the document, protesters continued their speeches calling on the Constitutional Court to resist the pressure of the authorities.

Secretary of the opposition Heritage party Zaruhi Postanjyan urged to hold a nation-wide strike. For her part, secretary of Prosperous Armenia Naira Zohrabyan said she hopes the court will make a fair judgment.  

The four non-coalition NA factions on Monday submitted to NA Speaker Hovik Abrahamyan a letter of appeal addressed to the CC. According to the procedure, the NA is obligated to submit this petition to the CC within 24 hours. 

The new cumulative pension plan—which will come into force on January 1, 2014—will be 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.