Armenian parliament raises monthly payments to Military Insurance Fund

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YEREVAN, December 29. /ARKA/. An emergency session of the Armenian National Assembly has approved today in the second and final reading a government proposal to increase a special tax paid by all working Armenian citizens to the Military Insurance Fund, which pays allowances to families of Armenian soldiers killed or seriously wounded during the hostilities.

According to the current law, the closest relatives of career army officers, contract servicemen and conscripts who die or become gravely disabled while on combat duty receive 10 million drams ($20,000) one-time payment and wounded soldiers suffering from less serious disabilities receive 5 million drams in compensation.

In addition to these one-off payouts, the families of killed or disabled army officers, contract soldiers and conscripts are eligible to monthly pensions ranging from 100,000 to 300,000 drams for 20 years.

Justice Minister Rustam Badasyan said the number of the killed and gravely disabled military personnel has grown dramatically as a result of the latest war in the Nagorno-Karabakh conflict zone.

Until now, all registered public and private sector employees paid 1000 drams. He said this in view the government proposed to increase the monthly contributions depending on the monthly income of citizens.

More precisely, those citizens earning up to 100,000 drams a month, will pay 1,500 drams to the Military Insurance Fund. Those earning from 101,000 to 200,000 drams will pay 3,000 drams. Those earning from 200,000 to 500,000 drams will contribute 5,500 drams, those earning from 500 thousand drams up to 1 million drams – 8,500 drams and those earning over one million drams – 15 thousand drams.

Individual entrepreneurs will have to pay from 18,000 drams to 180,000 drams.

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