Great news this morning: PENSIONS WILL INCREASE

We decided at the previous government meeting that pensions should be increased by at least 3

thousand drams at this stage. After this decision, there were several cases in the regions when our beloved grandparents approached me and said that their pension was increased by 1900 drams. RA Prime Minister Nikol Pashinyan mentioned this today at the September 1 session.

«We had a discussion and found out that we have the following situation: for 95.7 percent of pensioners, the pension will increase by at least 3,000 drams from September 1, but there are 6,400 pensioners for whom the pension will increase by 2,500 drams according to the current formula, for 5,300 people it will increase by 1900 drams.

We will make an additional decision for our beloved 6,400 and 5,300 pensioners, so that from September 1, as we talked about, everyone’s pension will increase by at least 3,000 drams,» said Pashinyan.

For his part, Minister of Labor and Social Affairs Narek Mkrtchyan explained that in order to solve the problem, it was decided that the basic pension will be increased to 31,600 drams. «This will be the third increase this year. Last year, we decided that the basic pension would become AMD 28,600 from 26,500. This year, we changed the basic pension from 28,600 AMD to 30,500 AMD, and in this case it will become 31,600 AMD, which will guarantee that all our pensioners will receive at least that 3,000 AMD.»

Pashinyan also added that they should make sure that there is no pension lower than the food basket in RA.