The compulsory accumulative pension system imposed in Armenia on Jan 1 2014 is a state-level racket, member of Prosperous Armenia Party Naira Zohrabyan said during a rally of opposition parties and NGOs on Saturday.
"The Government lies when it says that this system meets the people's interests. It meets the interests of the ruling regime, who just needs more money," Zohrabyan said.
She urged all opposition forces to unite. "Only together will we be able to win the ruling regime and to build a different Armenia – a country that nobody will emigrate from any more," she said.
Representatives of the I Am Against civic initiative said that the law imposing the system is contrary to Armenia's Constitution. "It will result in 6.6-13% cut in our wages. So, we must demand that the Government revoke this law," they said.
Almost 7,000 people representing different parties, NGOs and civic initiatives have gathered in Liberty Square with slogans like We Are the Owners of Our Own Country!, We Are Against! and Unity!-