PENSIONS AND SOCIAL INSURANCE PAYMENTS TO BE RAISED FROM
JANUARY 1
27-10-2005 14:20:00 | Armenia | Social
YEREVAN, OCTOBER 27, NOYAN TAPAN. At the October 26 morning
sitting, the RA NA adopted drafts discussed on the previous day
including 4 drafts amd legislative packages concerning the
social sphere.
Particularly, the draft on making amendments to the law "On
Great Patriotic War Veterans" was adopted in the second reading
and completely. According to this, it is fixed that the size of
monthly honour payments may not be less than 10 thousand drams
starting from January 1, 2006. At present this made 4500 drams.
Amendments and additions were made in the first reading in
the laws on "State Pensions" and "Social Security of Servicemen
and Their Family Members." According to them, the size of
pensions defined for invalids and of ordinary servicemen became
invalid or of families of servicemen died while participating in
martual actions defending the RA as well as implementing service
duties are raised by 20% starting from January 1, 2006.
The legislative package on making amendments and additions
to the law "On Compulsory Social Insurance Payments" was also
adopted in the first reading. According to this, particularly,
the size of a minimal social payment paid by the employer is
added: 7 thousand drams are fixed instead of 5 thousand acting
at present. This will be spread on up to 20 thousand salary and
incomes equal to that. In the case of from 20 thousand to 100
thousand drams salary, the size of social insurance payment will
make 7 thousand drams plus 15% of sum overpassing 20 thousand
drams, in the case of more than 100 thousand drams, this will
make 19 thousand drams plus 5% of sum overpassing 100 thousand
drams.