Compensation to the families of 55 soldiers who fell after September 27, 2020

On 18th of November 2020 the ALM committee approved the compensation of the families of 55 soldiers who fell after September 27, 2020.

The families of military personnel are offered the following compensation amounts from the Foundation:

• Military officer staff: nearly $ 170,000 / lumb sum $20,000 , monthly $600
  • Contract soldiers / volunteers: nearly $ 145,000, lump sum $20,000 , monthly $500
  • Soldier in compulsory military service: nearly $ 120,000, lump sum $20,000 , monthly $400

$ 20,000 of the amount is paid in a lump sum, while the remaining balance is paid in monthly installments over a 20-year period.According to an agreement signed between “CONVERSE BANK” CJSC and "ARMBUSINESSBANK" CJSC and “ARCAXBANK” CJSC the amounts will be transferred to special bank accounts opened for the beneficiaries, which will be serviced, free of charge.

You will find below the name list of soldiers: https://www.1000plus.am/eng/compensation