YEREVAN. – The Armenian capital city Yerevan members of  the “I am against” civil movement headed to Vanadzor city on Saturday morning, with a dozen cars.  

They will take part in the assembly and march of the Vanadzor team of the “I am against” initiative against the new pension law in Armenia.

“There was no interference on them by the Yerevan activists. They have organized themselves in Vanadzor. We’re just going [there] to express support to them,” initiative member Arsen Torosyan told Armenian News-NEWS.am.       

En route, they will distribute informational pamphlets in Dilijan and in several other cities. 

The new cumulative 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 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.      

On January 24, however, the Constitutional Court decided to suspend the execution of the some components of the Law on Cumulative Pensions pending the hearing of the petition submitted by the four non-ruling-coalition parliamentary forces—specifically, the Armenian National Congress, Prosperous Armenia, ARF Dashnaktsutyun, and Heritage—, and into the constitutionality of the several articles of the law.

Notwithstanding this, some companies already are deducing the mandatory pension payment from the salaries of their employees.