Upon hearing the news that the National Assembly had just voted down a bill calling for a one year postponement of a mandatory individual pension system, they decided to march on the offices of the Human Rights Defender.
Armenia’s National Assembly shot down, by a vote of 54-46, a draft statement that would have postponed the launch of a mandatory individual pension system by one year.
During the so-called debate, ARF MP Artzvik Minasyan called on his colleagues to vote against the pension system, labeling it a violation of the citizens’ trust.
Protesters Oppose Launch of Mandatory Individual System
Scores of protesters who had gathered outside the National Assembly in opposition to the scheduled January 1 launch of the mandatory individual pension system in Armenia, have now set their sights on the Preidential Palace.
In an attempt to sell the mandatory pension fund, scheduled to start as of January 1, to the Armenian public, the Central Bank has bandied about the names of prominent international companies as managers.
A few hundred people marched to the National Assembly today to voice their opposition to a new mandatory funded pension system set to begin as of January 1, 2014.
MPs of the ruling government coalition didn't show up today for a special parliamentary hearing called by the opposition to postpone the launch of the mandatory pension fund system due to start on January 1, 2014.