All Welfare Payments Increased
The Cabinet met in their last sitting of 2011, chaired by Prime Minister Tigran Sargsyan. Pursuant to amended government decree, base pension rate will be up about 24% as of January 1, 2012, from AMD 10,500 to AMD 13 thousand. The average retirement pension will be 31,300 dram instead of 28, 700 (9 percent growth), welfare pensions will average 16, 500 instead of 13, 200 dram (about 20 percent growth), the average rate of disability pensions for rank-and-file servicemen will rise to about... more »
