Friday, June 15 2018 13:04

ArmInfo. Former Defense Minister Vigen Sargsyan was dismissed by the decision of the Armenian government from the post of the head of the Board of Trustees of the  Fund for the Insurance of Military Servicemen.

At today's meeting, the government decided to appoint the current  Defense Minister David Tonoyan to this post.

The "Soldiers Insurance" fund was created with the aim of providing  material support to families of servicemen, fallen and wounded heroes  defending the borders of the Motherland. The Fund will give an  opportunity to servicemen who were wounded during the fighting,  during rehabilitation, to concentrate on drawing up the program for  the future, feeling the constant and consistent support from the  state and the public. Families of the deceased and those who received  the disability of the first group will receive a one- time insurance  payment of 10 million AMD (about $ 21,000).

Those who received disability of the second group will receive a  one-time insurance payment in the amount of 5 million AMD (about $  10,000).

In case of death or receipt of the first group of disability, the  monthly insurance payment will be 300 thousand AMD for officers, 250  thousand AMD for sergeants and 200 thousand drams for privates. In  case of disability of the second group, these payments will be 250,  200 and 150 thousand drams correspondingly.  This amount will be paid  as a social payment for 20 years, making up 82 million AMD for the  officers, 70 million AMD for the sergeants and 48 million drams for  the rank-and-file officers.

In the situation of the disabled, in the event of an effective fund  operation and the availability of financial resources, the  foundation's board will be able, in 20 years, to decide on ensuring  the duration of these payments. Otherwise, after 20 years the  disabled soldiers will receive social security benefits in the amount  that will be established by the state at that time.

The program will be financed from a special fund, in which every  working citizen will remit 1000 drams every month. The fund will also  collect donations. The collected funds will be used exclusively for  social payments. A council of the program will be formed, consisting  of persons who enjoy the trust and respect of society, which will  control this completely transparent and public process.