Armenian civic group protests pension reforms

15:54 • 22.03.14

As part of its active campaign against the funded pensions, the civic group I am Against! organized Saturday afternoon a new rally in Yerevan’s Liberty Square to protest against the compulsory component of the new pension law.


The activists are planning a march after the event.


Speaking at the meeting, several members of the group said the initiative is aimed demonstrating the solidarity of the civic campaign and raising the society’s awareness of the developments that followed their first rally held on January 18.


Opposition lawmakers also joined the public event.


The activists of I am Against! urge the Constitutional Court to declare the mandatory component of the pension law illegal.


The controversial pension reforms, which went into effect on January 1, required that all the employed Armenian citizens born in 1974 or later make monthly contributions to the pension funds in the amount of 5%-10% of their salaries. The measure met strong protests by the society, with many expressing distrust in the system. The parliamentary opposition (ARF-D, Heritage, Armenian National Congress and Prosperous Armenia) later appealed to the Constitutional Court, asking it to revise the controversial provisions of the amended pension law. On January 24, the CC issued a ruling to suspend the mandatory component. A final ruling is due on March 28.

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