Economy 18:52 30/08/2007

Pensions to increase in January

Today the government decided to raise pensions, the minimum of 4,250 rising to 6,800, and one-year insurance from 230 to 375. According to government press services, pensions will rise some 60%, reaching 20,000 dram. This will become law on January 1, 2008.

Changes were also determined in the June 13 2003 governmental decision concerning pensions, which also ensured the social needs of those serving in the armed forces and their family members, a minimum of 3,000 dram rising to 4,000, allowing the minimum amount allowed various army staff members to also rise.


Source Panorama.am
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