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Pensions In Armenia
There are various types of Pensions in Armenia, including social pensions (granted to all individuals who reach the age of 63, both for laborers and not), mandatory funded pensions (a return on investment from mandatory funded pensions), or voluntary funded pensions (payments of supplementary pension collected over the years from income as well as insurance fees). Currently, Amundi-ACBA and act as the mandatory pension fund managers within Armenia. History Before the implementation of pension reforms, the pension security system of Armenia was characterized as a pay-as-you-earn tax based pension system. The system performed a distributive function; the payments were made by employees, employers and individual entrepreneurs to the state budget, of which the pensions payments were provided by the order defined by law. The pension amount in this system is calculated based on the basic pension amount, the number of years in service and the compensation amount for each ensured serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ATTEMPTS TO SOLVE THE PENSION PROBLEM IN DIFFERENT COUNTRIES HAS LED TO RISE OF INCOME TAX OR PENSION AGE
An attempt to commit a crime occurs if a criminal has an intent to commit a crime and takes a substantial step toward completing the crime, but for reasons not intended by the criminal, the final resulting crime does not occur.''Criminal Law - Cases and Materials'', 7th ed. 2012, Wolters Kluwer Law & Business; John Kaplan (law professor), Robert Weisberg, Guyora Binder, /ref> Attempt to commit a particular crime is a crime, usually considered to be of the same or lesser gravity as the particular crime attempted. Attempt is a type of inchoate crime, a crime that is not fully developed. The crime of attempt has two elements, intent and some conduct toward completion of the crime.Defining Attempts: Mandujano's Error, Duke University, Michael R. Fishman/ref> One group of theories in criminal law is that attempt to commit an act occurs when a person comes dangerously close to carrying out a criminal act, and intends to commit the act, but does not commit it. The person may have carri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Pension
A social pension (or non-contributory pension) is a stream of payments from state to an individual that starts when someone retires and continues in payment until death. It is a part of a pension system of most developed countries, specifically the so-called zero or first pillar of the pension system, which is a part of state social security system. The social pension is different from other types of pension since its eligibility criteria do not require former contributions of an individual, but citizenship or residency and age or other criteria set by government. History The need for a social pension comes from the times of industrial revolution, when the new economic system boosted the mobility of workers, but loosened ties between family members, whose solidarity was protecting people from personal economic deprivation. This, along with impractical voluntary thrift and insurance, resulted in many workers retiring without any source of income. The first step in forming cash tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amundi
Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world. Founded on 1 January 2010, the company is the result of the merger between the asset management activities of Crédit Agricole (Crédit Agricole Asset Management, CAAM) and Société Générale (Société Générale Asset Management, SGAM). Amundi Group has been listed on the Euronext stock exchange since November 2015. Its majority shareholder is Crédit Agricole S.A. In legal terms, Amundi Group owns Amundi Asset Management, as well as several other subsidiaries in the asset management sector, notably CPR Asset Management (CPR AM) and BFT Investment Managers (BFT IM) in France. In 2017, the Amundi group acquired Pioneer Investments, the asset management subsidiary of Unicredit, and in 2021 acquired Lyxor Asset Management, a subsidiary of Société Générale. Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenia
Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Oxford Reference Online'' also place Armenia in Asia. It is a part of the Caucasus region; and is bordered by Turkey to the west, Georgia to the north, the Lachin corridor (under a Russian peacekeeping force) and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan to the south. Yerevan is the capital, largest city and the financial center. Armenia is a unitary, multi-party, democratic nation-state with an ancient cultural heritage. The first Armenian state of Urartu was established in 860 BC, and by the 6th century BC it was replaced by the Satrapy of Armenia. The Kingdom of Armenia reached its height under Tigranes the Great in the 1st century BC and in the year 301 became the first state in the world to adopt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pay-as-you-earn Tax
A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding tax, withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns. PAYE may include withholding the employee portion of insurance contributions or similar social benefit taxes. In most countries, they are determined by employers but subject to government review. PAYE is deducted from each paycheck by the employer and must be remitted promptly to the government. Most countries refer to income tax withholding by other terms, including pay-as-you-go tax. United Kingdom Origins Devised by Sir Paul Chambers, PAYE was introduced into the UK in 1944, following trials in 1940–1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenian Government
The politics of Armenia take place in the framework of the parliamentary representative democratic republic of Armenia, whereby the President of Armenia is the head of state and the Prime Minister of Armenia the head of government, and of a multi-party system. Executive power is exercised by the President and the Government. Legislative power is vested in both the Government and Parliament. History Armenia became independent from the Russian Empire on 28 May 1918 as the ''Republic of Armenia'', later referred as First Republic of Armenia. About a month before its independence Armenia was part of short lived Transcaucasian Democratic Federative Republic. Suffering heavy losses during the Turkish invasion of Armenia and after the Soviet invasion of Armenia, the government of the First Republic resigned on 2 December 1920. Soviet Russia reinstalled its control over the country, which later became part of the Transcaucasian SFSR. The TSFSR was dissolved in 1936 and Armenia became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retirement Age
This article lists the statutory retirement age in different countries. Background In some contexts, the retirement age is the age at which a person is expected or required to cease work. It is usually the age at which such a person may be entitled to receive superannuation or other government benefits, like a state pension. Policymakers usually consider the demography, fiscal cost of aging, health, life expectancy, nature of the profession, supply of labor force, etc. while taking the retirement age into account. The increase in life expectancy is used in some jurisdictions as an argument to increase the age of retirement in the 21st century. Retirement age by country and region Many of the countries listed in the table below, are in the process of reforming the retirement ages (see the notes in the table for details). The ages in the table shows when an individual retires if they retire/have retired in the year given in the table. The trend in some countries is that in the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Assembly (Armenia)
The National Assembly of Armenia ( hy, Հայաստանի Հանրապետության Ազգային ժողով, ''Hayastani Hanrapetyut'yan Azgayin zhoghov'' or simply Ազգային ժողով, ԱԺ ''Azgayin Zhoghov'', ''AZh''), also informally referred to as the Parliament of Armenia (խորհրդարան, ''khorhrdaran'') is the legislative branch of the government of Armenia. Overview The National Assembly was originally established in 1918 as the Khorhurd ( hy, Խորհուրդ) by the Armenian National Council following their declaration of independence. Acting as the nation's provisional legislative body, the Armenian National Council tripled its membership, forming an interim coalition government composed of Dashnaks and Populists. Following the Armenian parliamentary elections of 1919, the National Assembly's membership increased again up to 80 deputies including several minority representatives. The Khorhurd continued to function with an overwhelming Dashnak maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenian Dram
The dram ( hy, դրամ; sign: ֏; abbreviation: դր.; ISO code: AMD) is the currency of Armenia, and is also used in the neighboring unrecognized Republic of Artsakh. It was historically subdivided into 100 luma (). The Central Bank of Armenia is responsible for issuance and circulation of dram banknotes and coins, as well as implementing the monetary policy of Armenia. The word "dram" translates into English as "money" and is cognate with the Greek drachma and the Arabic dirham, as well as the English weight unit dram. The first instance of a dram currency was in the period from 1199 to 1375, when silver coins called dram were issued. History On 21 September 1991, a national referendum proclaimed Armenia as a republic independent from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the exclusive right of issuing the national currency. In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Armenia
The Armenian economy contracted sharply in 2020, by 5.7%, mainly due to the 2020 Armenia-Azerbaijan war. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled. While part of the Soviet Union, the economy of Armenia was based largely on industry—chemicals, electronic products, machinery, processed food, synthetic rubber and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's Metsamor nuclear power plant. The main domestic energy source is hydroelectric. Small amounts of coal, gas and petroleum have not yet been developed. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign dir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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