Armenia’s social welfare minister 'not to step down' despite controversies over pension reforms
Prime Minsiter Nikol Pashinhyan said officially on Thursday that he has not signed the resignation letter submitted by the minister of labor and social affairs.
Nikol Pashinyan told the cabinet that he has not accepted Mane Tandilyan’s earlier notice despite fundamental controversies over the pension reforms.
Tandilyan had recommended postponing the mandatory component of the proposed law which required that all the employed citizens born after 1973 invest 5% of their monthly salaries in pension funds which would manage their assets after reaching retirement.
“As we had earlier agreed, we need to invest all our efforts in making the system more acceptable, perceivable and reliable. And we need also confidence that we are pursuing the right,” Pashinyan added.
The National Assembly on Wednesday voted overwhelmingly to adopt the legislative amendments proposing the enforcement of the mandatory component.
The prime minister said they attempted to win time by pushing ahead with the legislation.
“The system is in need of drastic reforms, so we have agreed to work with Ms Tandilyan and the other cabinet members, as well as the society,” Pashinyan said, promising to elaborate a full of outlining the existing problems and concerns in just a couple of months’ time.
In her speech, Tandilyan admitted that a disagreement over principles had caused her to decide on resignation, adding that she is now committed to proceed to work to revise the approaches and policies.
“I am ready to submit my draft [proposals] to my colleagues and the society’s consideration in very short timeframes,” she said, promising also appropriate attention to the existing problems at the Ministry.
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