|Tuesday||Jan-01||New Year's Day|
|Wednesday||Jan-02||New Year's Holiday|
|Thursday||Jan-03||New Year's Holiday|
|Friday||Jan-04||New Year's Holiday|
|Saturday||Jan-05||Armenian Christmas Eve|
|Sunday||Jan-06||Armenian Christmas Day|
|Monday||Jan-28||National Army Day|
|Wednesday||Apr-24||Genocide Memorial Day|
|Thursday||May-09||Victory Day||Celebrates the victory over Nazi Germany and the end of the Second World War|
|Tuesday||May-28||Day of the First Republic|
|Monday||Sep-16||Exaltation of the Holy Cross||Monday after Sunday between 11 - 17 September|
|Tuesday||Dec-31||New Year's Eve|
Merelots are the days after five major festivals. They are days to honour deceased relatives. They may be given as an additional holiday and compensated by a Saturday or Sunday.
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Minimum wage is 55,000 AMD. ($115.06)
Fulltime employment is considered 40 hours weekly, and 8 hours daily.
Mamimum working hours should not exceed 48 hours weekly, and 12 hours daily. Additonally, they should not exceed 4 hours during two consecutive work days or 120 hours per pay year.
A hired employee, a foreign national and a stateless person participating in the scheme, who is in receipt of basic income in the manner as envisaged by the legislation of the Republic of Armenia and whose monthly income does not exceed AMD 500,000, shall make a monthly funded contribution in his/her pension account in the amount of 5% of the basic income, while the remaining 5% shall be paid for (in favor of) the participant from the state budget to secure 10% of the required contributions; employees whose monthly income exceeds AMD 500,000, shall receive AMD 25,000 on monthly basis for (in favor of) his/her pension account from the state budget, while the remaining contributions shall be paid by such persons to secure 10% of the required contributions; employees whose basic annual income does not exceed AMD 6,000,000, shall be obligated to make monthly funded contributions in his/her individual pension account in the amount of 5% of the basic income, while the remaining 5% shall be paid for (in favor of) the participant from the state budget to secure 10% of the required contributions. Lastly, if an employee whose basic annual income exceeds AMD 6,000,000, annually AMD 300,000 shall be paid for (in favor of) the participant from the state budget to the pension account, while the remaining annual contributions shall be paid by such a person to secure 10% of required contributions.
Social insurance: 3% of net monthly earnings. There are no minimum or maximum earnings used to calculate contributions. The insured's contributions also finance sickness and maternity, work injury, and unemployment benefits. Mandatory individual account: 5% of monthly earnings up to 500,000 drams a month, plus up to 1.5% of the account balance for administrative fees. With earnings exceeding 500,000 drams a month, the insured's contribution is 10% of monthly earnings minus a government flat-rate contribution of 25,000 drams, plus up to 1.5% of the account balance for administrative fees.
Employment contract can be terminiated by mutual agreemeny with 7 days written notice. Fixed term contracts can be terminated with 10 days notice if before expiration. For collective dismissal, the State Employment Service and Workers representative needs to be informed by the employer three months in advance.
Employees must provide 7 days written notice before terminating their employment.
A two week severance is paid under certain specific circumstances. However, the amount may change due to mutual agreement between the employee and employer. There is no labor court in Armenia, therefore all the labor disputes are heard by ordinary judge.
Minimum annual paid leave is 28 days. Extended and additional paid leave up to 35 days ( or 48 days in exceptional cases) may be provided.
If the sickness or injury is not work related, the employee is guaranteed his/her job if his/her absence is no more than 120 successive days or 140 total days within the past 12 months.
Expecting mothers are entitled to 140 days (70 days before birth, 70 days after), 155 days in case of complicated delivery (70 days before birth, 85 days after), 180 days in the event of twins, triplets etc. (70 days before birth, 110 days after)
No statutory regualtion
No statutory regualtion
Salaries are paid on a monthly basis. Payday is the 15th of the following month.
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