Friday, March 22 2019 17:07

ArmInfo. From the first of April of the current year, the Military Insurance Fund, better known as the "1000 AMD" Fund, will start paying families of military  personnel who died while defending their homeland and the military  who received disabilities from 2008-2014.

As the press service of the Armenian Defense Ministry told ArmInfo,  the decision was taken at the regular meeting of the Board of  Trustees of the Military Insurance Fund, which was chaired by Defense  Minister Davit Tonoyan.

At the meeting of the Board of Trustees, the executive director of  the fund, Varuzhan Avetisyan, presented a comprehensive report on the  work done and the payments made from the beginning of 2018 to this  day, spoke about the donations made, stressing that to date 14  billion drams have been collected in the fund's account total  repayment amounted to 941 million drams.

The Defense Ministry also recalled that on August 9, 2018 at a  meeting of the Board of Trustees, it was decided to make payments to  those injured or killed in the period from 2015-16. In addition, the  meeting is already discussing the issue of payment of funds to  victims of the defense of the homeland and the family of the dead  soldiers until 2008.

The members of the Board of Trustees also stressed that the funds  received from the management of the fund's assets last year exceeded  the amount of compensation paid, which once again confirms the high  effectiveness of the soldiers 'insurance fund.

The program, as noted, continues to successfully operate on the  principle of full transparency and accountability to the public.

To recall, on December 15, 2016, the MPs of the National Assembly of  Armenia (84 votes in favor, 4 against) and 1 abstaining in the third  and final reading adopted the draft On Compensation of Harm Caused to  the Life or Health of Soldiers Protected by the Republic of Armenia  with the attached package of bills.  As the author of the initiative,  ex-Minister of Defense of Armenia Vigen Sargsyan, said then,  compensations will be paid to the families of servicemen who were  killed or injured in hostilities, while carrying combat duty on the  contact line or performing special missions: at a time from 5 to 10  million drams and monthly - from 200 to 300 thousand drams for 20  years. To implement this, a special fund for insuring servicemen was  formed, where every employed citizen of the Republic of Armenia is  obliged to transfer 1000 AMD a month. The financial resources  necessary for the payment of compensation by the Fund are also  generated from payments in the course of using the services of state  or municipal bodies (500 and 200 drams for each service); by selling  special bonds; through incoming grants, gifts and donations; at the  expense of the profit received as a result of management (in the form  of investments) by the collected funds. The law began to operate in  2017 and has no retroactive effect. All operations of the Foundation  can be tracked on https://www.1000plus.am/ru.