ArmInfo. Citizens of Armenia who are participants in the funded pension system are entitled to submit a claim for early return of all accumulation funds, even before their retirement age, when identifying diseases that are life-threatening. This is stated in the message of the Center for Alerting the Pension System. According to the source, the list of diseases was approved by the government of Armenia.
When a disease is detected, the participant of a funded pension applies to the RA Ministry of Health for an opinion on its status, with the submission of relevant medical documents. The application can be submitted both in writing and in electronic form to the address [email protected]. The document is registered with the Ministry, after which a maximum of 7 working days is given to the participant of the accumulative pension with a positive or negative conclusion on cash or non-cash return of funds. Another example of the application is presented to the leading register of participants in the Central Depository. On the basis of the issued positive conclusion, the participant of a funded pension has the right to submit to the register a demand for a full return of funds.
Recall that the mandatory component of funded pension for all Armenian citizens born after January 1, 1974, will come into force on July 1, 2018. At present, this provision applies only to civil servants. Since January 1, 2014, a multi-stage funded pension system has been introduced in Armenia, mandatory for people born after January 1, 1974 (for citizens born before January 1, 1974 there is a distribution pension system). According to the new law of the Republic of Armenia "On funded pensions," the basic minimum pension will be equal to the subsistence minimum, and the basic pension will be 150% of the subsistence minimum. The monthly mandatory payments will make 5% of the salary, 5%, but not more than 25 thousand drams, and for entrepreneurs 300 thousand drams, the same amount will be contributed to the savings account of the participant of the system from the state side.