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Kapan Residents Give a “Thumbs Down” to Pension Payments

Residents of the southern Armenian town of Kapan give a ‘thumbs down’ regarding the recently launched mandatory pension system in the country.

The disgruntled residents, workers at various local businesses,  were photographed by Sustainable Development NGO President Armen Parasadyan. The photos later appeared on the Facebook page of a group called “Against Paying the Mandatory Pension 5%”.

Workers born after 1974 will see a minimum of 5% of their wages deducted for investment in the pension system.


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