Hraparak: Government has prepared alternative version of pension law
The Armenian government has reportedly prepared an alternative version of the law on compulsory accumulative pension system, Hraparak writes.
If the Constitutional Court rules that the compulsory component is unconstitutional because under the Constitution, only taxes and duties are mandatory, then the government will send an amended version of the law to the parliament, with the compulsory pension payments formulated as a tax. In this case, some employers will have to reduce wages and increase the shadow sector, the newspaper says.