Finance Minister about the Compensation Fund: everyone should think over his liabilities in respect to the country and to the army

ArmInfo. The tools found at the  basis of the Militaries Families Compensation Fund are exactly the  pure essence of insurance, Vardan Aramyan, the Armenian Finance  Minister, expressed his opinion during the conversation with  journalists.  According to Aramyan, the concept of the idea is a bit  different of that presented by  the Defense Minister Vigen Sargsyan.  The responsibility  in respect to the army  is equal for all.  Minister recalled, that as per of today, Armenia is found  in a  half-military conditions, which should make everybody to think over  his responsibility for the army and for the country. The Army should  have not only a mental support, but also material," Aramyan stated.  In this context the framework being established now has not only a  logical part, but also contains a philosophy. And for the proper work  of this system we should secure the safety of its certain elements.  The first important indicator of successful insurance is the forecast  able  permanent incomes, so that if an insurance case rises, to  secure the reimbursement of lost incomes during 20-year period. 

Minister said he is aware of the opinion stating the necessity of  discovering shadow revenues, and of expropriation of corrupted state  officials property, particularly, in respect to the Ministry of  Defense, and drawing that assets to the needs of militaries'  families.  To note, if the Armenian Parliament approves the draft  law, the specified Fund will be set up. Armenian Minister of Defense  Vigen Sargsyan has recently reported to the President of Armenia on  the commencement of a new program initiated and tasked by President  Sargsyan, on the steep increase in payments of state insurance (a  onetime as well as monthly payments) for the families of the  servicemen killed or handicapped in military actions or in the course  of military duty. The Armenian President's press office reported that  the families of the killed and first degree handicapped individuals  will receive a onetime compensation of 10 million AMD. The families  of the second degree handicapped servicemen will receive a onetime  compensation of 5 million AMD. Monthly compensations in case of death  of the serviceman or the first degree handicap will make 300,000 AMD  for the officers, 250,000 AMD for the junior officers and 200,000 for  the privates. In case of becoming the second degree handicap, the  compensations will respectively make 200,000; 150,000; and 100,000  AMD. That amount, in the form of insurance benefit, will be paid out  for 20 years, which will make 82 million AMD for the officers, 70  million AMD for the junior officer staff, and 58 million AMD for the  privates. The program will be financed through a special fund to  which every working person will monthly contribute one thousand AMD.  

Meanwhile, according to Artyom Asatryan, the  Labor and Social  Security Minister of Armenia the idea of such Fund should be  acceptable for the public. "I think this load will not be put on   those who receive lower salary. And for all the others a fixed fee of  AMD 1000 will be set forth, which could become a  conceptual  olution," he said.