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PRESIDENTIAL DECREE OF TURKMENISTAN

of February 18, 1998 No. PP-2475

About calculation of the sizes of pensions

Due to the adoption of the Presidential decree of Turkmenistan of February 18, 1998 "About the sizes of the salary of employees of the organizations and organizations of the budget sphere and grants" I decide No. 2472:

1. Make calculation of the sizes of the earnings accepted for pension calculation proceeding from 0,12 rate from the approved average size of the salary across Turkmenistan.

2. Determine that the sizes of old-age pensions in case of complete length of service, and also the sizes of the social pensions specified in the Item "and" of article 120 of the Law of Turkmenistan "About provision of pensions of citizens in Turkmenistan" shall be at least 16 percent of the approved average size of the salary on Turkmenistan, and in other cases - at least 10 percent.

3. Declare invalid Item 4 of the Presidential decree of Turkmenistan of September 30, 1996 No. 1917 "About wages increase, pensions and grants".

 

President of Turkmenistan

Saparmurat Turkmenbashi

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