ArmInfo. Participants in the pension savings component (PNA), whose wages exceed 500,000 drams, will be able to receive a higher pension in the future, submitting an application for the non-application of the maximum amount of social fees. This was reported by the press service of the Center for Informing the Pension System (CIPS).
Henceforth, a participant of the PNA instead of the current social monthly payment of 25 thousand AMD, after submitting an application transfers funds, the amount of which, taking into account credited state subsidies in the amount of 10% of its income.
"Under the new order, the participants of the funded component are given the opportunity to form the size of the social payment corresponding to their income and in the future to receive a higher funded pension," the official statement of the CIPS says.
According to the source, starting from the spring of 2018, PNA participants through their employer can submit an application to the tax authority and refuse to apply the maximum social security limit. For example, if the salary is received in the amount of 600 thousand AMD, the participant, after submitting the relevant application, must transfer the social payment in the amount of 35 thousand AMD. Thus, every month the participant accumulates 60 thousand drams for his future pension, instead of the current funded pension of 50 thousand AMD.
Meanwhile, the CIPS explained that this decision, if necessary, is subject to revision, and the participant can apply for the application of the maximum limit of social payments. For more detailed information, you can contact the Center's hotline at number 114, or by sending an e-mail to the website of www.epension.am.