ArmInfo. On October 23, the Prime Minister of Armenia Nikol Pashinyan tried to dispel the fears of the Prosperous Armenia (PAP) faction member Tigran Urikhanyan that the payments to the "Military Insurance Fund" are not growing adequately to the growth of officially registered jobs.
Pashinyan noted that according to the certificate provided by the Minister of Defense of the Republic of Armenia and concurrently - Chairman of the Board of Trustees of the Foundation David Tonoyan, 648.8 million more were transferred to the "Fund of 1000 AMD" for 9 months of 2019 compared to the same period of 2018: an increase of 12.6% from 5 billion 140 million drams to 5 billion 790 million drams. Thus, as the prime minister pointed out, monthly the number of those who made payments to the fund was constantly growing - and increased by 72 thousand people.
In addition, as the head of government emphasized, it should be considered that this tax is paid by the employee through a tax agent and not directly to the Fund, but through the State Revenue Committee. "Therefore, there may be a certain discord between our figures," concluded Nikol Pashinyan.
On December 15, 2016 in the third and final reading, the lawmakers of the National Assembly of Armenia adopted the draft "On Compensation of Damage Inflicted to the Life or Health of Military Personnel while Protecting the Republic of Armenia" with the attached package of bills. As the author of the initiative, former head of the Ministry of Defense of Armenia Vigen Sargsyan stated at the time these funds are paid as compensation to the families of servicemen who died or were injured in hostilities, while on combat duty or on special missions: from 5 to 10 million AMD lump sum and monthly - from 200 to 300 thousand drams for 20 years.
To implement the project, a special military insurance fund was created, where every employed citizen of the Republic of Armenia is obliged to transfer 1000 drams per month. The financial resources necessary for the compensation payments by the Fund are also generated by payments made during the use of the services of state or municipal bodies (500 and 200 drams for each service); through the sale of special bonds; incoming grants, gifts and donations; at the expense of profit received as a result of management (in the form of investments). The law began to operate in 2017 and has no retroactive effect. All operations of the Fund can be tracked on the website https://www.1000plus.am/ru.