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YEREVAN, APRIL 2, ARMENPRESS. The Chairman of the Constitutional Court of the Republic of Armenia Gagik Harutyunyan introduced the verdict of the Constitutional Court on the case on the constitutionality of the articles 5, 7, 8, 37, 38, 45, 49 and 86 of the Armenia’s Law on “Funded pensions”. In accordance with the Constitutional Court’s decision, a row of the law’s clauses have been announced as contradicting to the constitution.
As reports “Armenpress”, the hearing is attended by the nine judges of the Constitutional Court of the Republic of Armenia, headed by the Chairman of the Constitutional Court Gagik Harutyunyan, the representatives of the applicants and respondents, as well as other interested individuals.
1. The clauses of the first part of the 5th article, the first and 11th parts of the 7th article of the Law of the Republic of Armenia “On Accumulative Pension”, as well as the clauses of the 2nd part of the 13th article, which are interconnected with the first ones in the systematic sense, are announced invalid and contradicting to the 1st part of the 8th article, articles 31 and 43 of the Constitution of the Republic of Armenia, in the parts, which do not provide everyone the right to freely own, use, dispose of and bequeath the salary, which is a property belonging to him/her, which results in the limitation of his/her right to property regardless of the individual’s will. (THE FULL VERSION OF THE STENOGRAPHY IS AVAILABLE IN ARMENIAN).