Pensions

Pensions | 26.03.10 | 18:06

Pensions and Prices: Government raises pensions to “ease the social problems”

By Siranuysh Gevorgyan

On Thursday, March 25, the Government of Armenia made a decision on raising benefits and pensions by 15 percent and 11 percent respectively, in an attempt to ease the social tension over the 37.5 percent rise in gas tariffs to come into force from April 1, and the price hike in general.

Pensions from Heaven?: PM raises state aid four months after calling it impossible

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Pensions | 28.06.10 | 14:58

Retirement planning: New pension system in Armenia will come into force in 2014

By Siranuysh Gevorgyan

In 2014, Armenia will entirely switch to an accumulated pension system, which the Government of Armenia started to draft 10 years ago, however it was repeatedly delayed due to the global financial crisis and the difficulties connected with the transition from the old system to the new one.

Last week, the bill on ‘State Pensions’, which comprises pension reforms, was discussed and passed with first reading at the special session of the National Assembly (NA).

Pay now, enjoy later: a new accumulated pension system raises some concern

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Pensions | 12.03.10 | 17:27

Pay now, enjoy later: a new accumulated pension system raises some concern

By Siranuysh Gevorgyan

The compulsory accumulated pension system, which will be introduced in Armenia in January 1, 2011, concerns not only citizens but also some specialists.

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Pensions | 27.11.09 | 16:00

Retirement planning: Crisis delays pension reform in Armenia

By Gayane Abrahamyan

The introduction of a new pension system planned for 2010 will be delayed by a year mainly because of the financial and economic crisis.

The new retirement plan (now expected to go into effect on January 1, 2011) envisages that citizens under 40 will be saving their future pensions themselves, paying five percent of their salaries every year, on which the state pledges to add an equivalent sum.

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More articles

Education

Controversial layoffs: French University in Armenia enters September amid faculty staff row

By Siranuysh Gevorgyan

About three dozen lecturers of a prestigious French-Armenian school in Yerevan will see in the new academic year in the status of unemployed after being controversially dismissed last month.

The administration of the French University in Armenia says the reason for dismissing 29 lecturers was both the end of the term of their employment contracts and their failure to meet the quality requirements necessary to work for the university and failing to adhere to the internal disciplinary norms of the institution.

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Human rights

Trial: Defendant in custody death case claims police cover-up

By Gayane Mkrtchyan

A former head of a criminal investigation department in Armenia’s central town of Charentsavan, has told a court that he is being set up on charges that he tortured a suspect until the man committed suicide.

Ashot Harutyunyan says three investigators who testified against him had done so after making a deal with the Special Investigatory Service (SIS) to cover up the truth.

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Education

Costly classes: Parents in Armenia see rising expenses as their children get ready for school

By Siranuysh Gevorgyan

Parents looking for stationery, clothes, bags and other items for their children become main customers at street markets and subway stores as the start of a new school year approaches in Armenia.

The traditional “first bell” will sound September 1, to ring in another year of life getting more expensive here.

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Retirement planning: New pension system in Armenia will come into force in 2014

Dear John Hughes: Why do all the Armenia Now articles on the Pension Reform Act, present and past, have photos off elderly men and Women? This pension reform act will have nothing to do with anyone over the age of 40... Please clarify. Thanks....

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