RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of July 17, 2003 No. 1078

About approval of the Procedure for carrying out indexation of cash incomes of the population

For the purpose of implementation of the Law of Ukraine of February 6, 2003 "About introduction of amendments to the Law of Ukraine "About indexation of cash incomes of the population" the Cabinet of Ministers of Ukraine decides No. 491-IV:

1. Approve the Procedure for carrying out indexation of cash incomes of the population it (is applied).

2. Recognize invalid:

the resolution of the Cabinet of Ministers of Ukraine of May 7, 1998 No. 663 "About approval of the Procedure carrying out indexation of cash incomes of citizens" (The Official Bulletin of Ukraine, 1998, No. 19, the Art. 704);

the resolution of the Cabinet of Ministers of Ukraine of December 21, 1998 No. 2034 "About indexation of cash incomes of citizens" (The Official Bulletin of Ukraine, 1998, No. 51, the Art. 1897);

the resolution of the Cabinet of Ministers of Ukraine of July 21, 1999 No. 1321 "About modification of Item 5 of the Procedure for carrying out indexation of cash incomes of citizens" (The Official Bulletin of Ukraine, 1999, No. 30, the Art. 1522).

Approved by the Resolution of the Cabinet of Ministers of Ukraine of July 17, 2003, No. 1078

Procedure for carrying out indexation of cash incomes of the population

1. This Procedure determines rules of calculation of consumer price index for carrying out indexation and the amounts of indexation of cash incomes of the population and extends to the companies, organizations and the organizations irrespective of pattern of ownership and managing of the state and private contractors, and also to physical persons who use work of the hired workers.

1-1. Increase in cash incomes of citizens in connection with indexation is performed from the first which comes after month in which the consumer price index is officially published.

Indexation of cash incomes of the population is carried out if the size of consumer price index exceeded indexation threshold which is established in the amount of 103 percent.

The consumer price index is calculated Gosstat and no later than the 10th which comes behind reporting, is published in official periodicals.

Calculation of consumer price index for carrying out indexation of cash incomes of the population is conducted by the accruing result since March, 2003 - month of publication of the Law of Ukraine of February 6, 2003 No. 491-IV "About introduction of amendments to the Law of Ukraine "About indexation of cash incomes of the population".

For carrying out further indexation of cash incomes of the population calculation of consumer price index begins after month in which the consumer price index exceeded the indexation threshold specified in the paragraph the second this Item.

The example of calculation of consumer price index for carrying out indexation is given in appendix 1.

2. Indexations are subject the cash incomes of citizens gained in hryvnias in the territory of Ukraine, which do not have one-time nature:

pensions;

grants;

compensation of hired employees of the companies, organizations, organizations in terms of money which includes compensation for the performed work according to the tariff charges (salaries) and price-work quotations, surcharges, allowances, awards, the warranty and compensation payments, stipulated by the legislation, and also other compensation payments having permanent nature;

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