of June 27, 2014 No. ZR-68
About entering of amendments and changes into the Law of the Republic of Armenia "About investment funds"
Accepted by National Assembly of the Republic of Armenia on June 21, 2014
Article 1. "About investment funds" of December 22, 2010 to state Item 27 of part 1 of article 3 of the Law of the Republic of Armenia to ZR-245-N (further - the Law) in the following edition:
"27) the pension fund - fund which assets are created at the expense of compulsory accumulative contributions (the obligatory pension fund) or voluntary accumulative payments (the Voluntary pension fund) and their investments made from the government budget of the Republic of Armenia without fail according to the Law of the Republic of Armenia "About funded pensions" and of which payments to participants from assets of fund are made (the money corresponding to share of the participant in assets of fund returns) in the form of pension on reaching the participant of retirement age, and also in other cases provided by the Law of the Republic of Armenia "About funded pensions";".
Article 2. To add part 5 of article 28 of the Law after the word "accumulative" with the words "or voluntary", and after the word it "is considered" - words "the states or".
Article 3. To state part 1 of article 29 of the Law in the following edition:
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