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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of August 4, 2003 No. 908

About measures for enhancement of the public pension system in the Azerbaijan Republic

(as of March 19, 2007)

According to the Concept of pension reform of the Azerbaijan Republic, for the purpose of acceleration of reform of system of the national social insurance in the country and enhancements of management of it, I decide creations of the single public pension system on establishment and financing of the pensions and benefits added to pensions:

1. Transfer functions of local authorities of the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic to destination, to financing and control of pension payment and the benefits added to pensions together with the corresponding material and technical resources and established posts providing their realization, to the State Social Security Fund of the Azerbaijan Republic and to finish this work till October 1, 2003.

2. Organize the financial payment system having independent bank accounts in the State Social Security Fund of the Azerbaijan Republic, concentrate in this system of means on compulsory national social insurance and for financing at the expense of the government budget of the pensions and benefits added to pension.

3. Bring in the "Provision on the State Social Security Fund of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of August 31, 2002 No. 781, the following changes and amendments:

* Item 1 after the word "insurance" to add with words "the pensions and benefits added to pensions";

* add with Items 8.4 and 8.5 of the following content:

"8.4. Within the powers to exercise control over the implementation of requirements of legal acts in the field of the compulsory national social insurance, pensions and benefits added to pensions and use of means to destination;

8.5. At the expense of means of compulsory national social insurance and means of the government budget to perform financing of all pensions and benefits added to pensions in the country";

* Items 8.4 - 8.13 to consider respectively Items 8.5 - 8.15;

* give Item 9.4 in the following edition:

"9.4. Manages means of compulsory national social insurance, exercises control in the field of the pensions and benefits added to pensions, appointment, financing and control of pension payment and the benefits added to pensions";

* add with Items 10.3 and 10.4 of the following content:

"10.3. Exercise control over the implementation of requirements of legal acts for compulsory national social insurance, the pensions and benefits added to pensions and use of means to destination;

10.4. Exercise control of appointment and pension payment and the benefits added to pensions";

* consider Items 10.3-10.17 respectively Items 10.5-10.19.

4. Charge to the Cabinet of Ministers of the Azerbaijan Republic:

* according to this Decree to submit within two-month term to the President of the Azerbaijan Republic offers on modification and amendments in the existing legal acts;

* in the course of forming of drafts of the government budget of the Azerbaijan Republic and the budget of the State Social Security Fund of the Azerbaijan Republic for the next years to provide accounting in the budget of fund of means for all types of the pensions and benefits added to pensions which financing is performed at the expense of the government budget, and reflection in their separate lines in the income and expenses;

* together with the State Social Security Fund of the Azerbaijan Republic and other relevant state bodies in two-month time to perform the necessary actions connected with execution of Items 1 and 2 of this Decree;

* provide in the budget statement of the State Social Security Fund of the Azerbaijan Republic for 2004 allocation of the appropriate means connected with financing of the actions planned in Item 6 of this Decree;

* together with relevant organs of the executive authority to provide allocation to local authorities of the State Social Security Fund of the Azerbaijan Republic of the respective office buildings;

* having studied experience of the developed states, having researched questions of forming and implementation of single state pension policy in the country, to submit within three-months term to the President of the Azerbaijan Republic the offers;

* resolve other issues following from this Decree.

5. It is excluded

6. To the state Social Security Fund of the Azerbaijan Republic:

* with involvement of the domestic banks having the international rating having the necessary infrastructure, modern technologies (allowing, including, issue of smart cards), the developed ATM network and cashless payments, for the purpose of fast delivery to the population of the pensions and benefits attached to pensions to provide transition to use of system of cards in the cities of Baku and Sumgayit till April 1, 2004, and in other cities and the district centers stranydo the end of 2004;

* determine the rules connected with personal accounting along with payers of compulsory national social insurance, the unemployed pensioners and citizens receiving the pensions and benefits attached to pensions at the expense of means of the government budget and to provide the organization of this accounting;

* provide execution of this Decree and resolve other issues following from it.

7. To the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic to resolve the issues following from this Decree.

8. This Decree becomes effective from the date of publication.

 

President

Azerbaijan Republic Heydar ALIYEV

 

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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