The head of the parliamentary group of the Armenian National Congress Levon Zurabyan met on Monday with representatives of the I am Against Compulsory Accumulative Pension System movement.
The press service of the Armenian National Congress quotes Zurabyan as saying that the opposition is against any type of accumulative pension in Armenia.
Meanwhile, the Center for Pension Reform Awareness reports that the Commission on Pension Reforms has suggested that accumulative pension be replaced with social payments to be paid by an employer if an employees gets a close to minimum wage. The payments may be transferred to pension funds, with the maximum monthly payment not to exceed 25,000 AMD against 35,000 AMD stipulated by the compulsory accumulative pension system. The government will transfer as much.