Armenia: Court Deems Pension Reform "Unconstitutional"
Libertarian detractors of the US' Social-Security program might well be feeling envious right now: Armenia's Constitutional Court has deemed unconstitutional the obligatory deduction of funds from workers' salaries for a government-run pension fund.
In its April 2 ruling, the Court found that a proposed five-percent monthly deduction violated Armenians' constitutional right to property and right to decide for themselves how to make use of that property, news outlets reported.
Hundreds of Armenians have taken to streets in recent months over the plan, formulated with advice from the US government.
But these protesters are not bespectacled wonks. The debate has become one of this poverty-stricken country's hottest and prickliest issues; as much about trust in the government as in the strength of its investment skills.
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