25/03/2014 11:04
Hraparak: Armenian government prepared alternative version
The Armenian government is rumored to have prepared an alternative version of the new law on compulsory accumulative pensions. If the Constitutional Court of Armenia recognizes the compulsory component as unconstitutional since, under the Constitution, only taxes and duties are compulsory, then the government will send an amended version of the law to the Armenian parliament, presenting compulsory pension payments as a tax, ‘Hraparak’ says. In this case some employers will have to reduce salaries and increase the shadow sector, the paper writes.