Pensions and benefits will rise in Armenian starting September 1, 2022. During the government sitting on August 24, Narek Mkrtchyan, Armenian Minister of Labour and Social Affairs introduced the draft, stating that labour pensions will be set at 21,000 drams against current 18,000 drams, military pension -20,000 drams instead of 18,000 drams, and minimum pension – 30,500 drams against current 28,600 drams.
Military disability pensions will also rise:
-From 43,000 to 45,000 drams for a disabled person of the first group;
-From 33,000 drams to 35,000 drams for a disabled person of the second group,
-From 30,000 drams to 32,000 drams for a disabled person of the third group.
The benefits will also rise from 28,600 ($68.9) to 30,500 ($ 73.49) drams.
Prime Minister Nikol Pashinyan said that quite good economic figures have been registered, adding that the tax revenues have been overfulfilled by more than 70 billion drams (approx.-$169 million).
“We decided to implement the increase in pensions and benefits from September 1, 2022 instead of January 1, 2023. The basic pension increased by 17%, and the average pension rise by 7%. I also want to note that the increase in pensions and benefits on July 1 of the next year remains in force”, Pashinyan added.
