Friday, January 27 2017 13:51

ArmInfo.The fund for social support to military servicemen perished due to duties implementation or in combat situations ,  will start payouts from January 1, 2017, Vigen Sargsyan, the Defense Minister of Armenia stated answering the  question regarding payments set by the Law on Compensation for Life  and Health of servicemen of the Republic of Armenia."

The Fund is at the capsulation stage yet by now. The appropriate Law  became valid on January 1, 2017.  But  as of today, we are seeking   funds, including private philanthropists, in order to support  families of those who perished before this Law became valid,"  Sargsyan mentioned. He added that  the funds will be allocated do  families once the Government has an appropriate resolution approved.  "I think this will happen in the nearest future," The Minister of  Defense said. 

He informed also that the fund site is already under development, and  will be activated after the Government approves the payment  procedures. " The Fund will work transparently, and everyone will be  able to monitor all the transactions," Sargsyan summarized. 

The National Assembly of Armenia on December 14 session adopted the  Draft law  on Compensation for Life and Health of servicemen of the  Republic of Armenia. According to Vigen Sargsyan's wording, families  of the second degree handicapped servicemen will receive  a onetime  compensation of 5 million AMD. Monthly compensations in  case of  death of the serviceman or the first degree handicap will  make  300,000 AMD for the officers, 250,000 AMD for the junior  officers  and 200,000 for the privates. In case of becoming the second  degree  handicap, the compensations will respectively make 200,000;  150,000;  and 100,000 AMD. That amount, in the form of insurance  benefit, will  be paid out for 20 years, which will make 82 million  AMD for the  officers, 70 million AMD for the junior officer staff,  and 58  million AMD for the privates. The program will be financed  through a  special fund to which every working person will monthly  contribute  one thousand AMD.  Sargsyan says  the  events of April  2016 showed  that   it is impossible to cover the compensations needed  is  impossible only with the budget assets. That is why an appropriate   fund will be established, and every employed citizen will be charged   with AMD 1000 compulsory fee to that Fund. The Fund will be   administrated by the Government, Central Bank of Republic of Armenia   and the Board of Trustees. The Central Bank will administrate the   Fund free of charge for five years. Families having members at   military service will be released of this charge.