Armenia: Employee Benefits Update
July 2016: The following changes in employee benefits have been reported back by Asinta’s partner in Armenia, MAI CEE:
While the law of Pension Pilar 2 was originally adopted on January 2, 2014, it was postponed for private sector employees from April 1, 2014 to July 1, 2017. In April of 2016 the Armenian government adopted new changes in the law, which will now take effect on July 1, 2018. This change will take into account new tax laws that go into effect in January of 2018.
There were no significant changes in the market trends of employee benefits in Armenia thus far in 2016.