of March 23, 2017 No. ZR-71
About modification and amendments in the Law of the Republic of Armenia "About funded pensions"
Accepted by National Assembly of the Republic of Armenia on March 1, 2017
Article 1. Regarding 1 article 2 of the Law of the Republic of Armenia of December 22, 2010 ZR-244-N "About funded pensions" (further - the Law):
Item 15 to state 1) in the following edition:
"The 15th retirement account - the account opened addressed to person, making social payment at the holder of the register of participants or acquired the shares of the pension fund in the procedure established by the law where shares of the acquired obligatory pension fund, and also data on quantity of shares of the obligatory pension fund, estimated cost these shares, other data about accumulative the assignments made for acquisition of these shares are considered established by the law or other legal acts;";
Item 28 to state 2) in the following edition:
"28) the participant - person making (made) social payment according to the procedure established by this Law, for (in advantage) which of the government budget of the Republic of Armenia is made accumulative assignment, or for (in advantage) which voluntary pension payments, or person who in the procedure established by the law acquired shares of the obligatory pension fund are made. In sense of this Article, participant is not the managing director of the pension fund;";
Item 29 to state 3) in the following edition:
"29) the register of participants - single system of data on participants and shares of the obligatory pension funds considered on pension the accounts opened on their name. All information which is available in the register of participants is property of the Republic of Armenia;".
Article 2. In article 6 of the Law:
Part 6 to add 1) with the new offer of the following content: "The maximum thresholds established by this part do not extend to the cases provided by part 11 of this Article".";
To add 2) with parts 11 and 12 of the following content:
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