170/1999 Coll.
LAW
from day 1. July 1999,
amending the Act No. 42/1994 Coll. on supplementary pension insurance with
State contribution and on amendments to certain acts relating to his
the introduction, in the wording of later regulations, and Act No. 586/1992 Coll., on the
income tax Act, as amended
Parliament has passed the following Act of the United States:
Article. (I)
Act No. 42/1994 Coll. on supplementary pension insurance with State contribution and
about changes to certain laws related to its introduction, as amended by
Act No. 61/1996 Coll. and Act No. 15/1998 Coll., is amended as follows:
1. in article 3, the following new paragraph 3, including the footnotes.
1A) is inserted:
"(3) the Bank that for pension fund shall act as depositary (hereinafter
"the depositary"), and not even a legal entity, in which the depositary directly or
indirect share capital exceeding 10% may not acquire any shares
This pension fund. The Pension Fund may not acquire shares also
health insurance company. ^ 1a) persons coming into the pension fund shares in
contrary to the provisions of the first sentence, and second, it must not exercise these
shareholder rights:
and) participate in and vote at the general meeting,
(b)) request the convening of extraordinary general meeting, and
c) petition the Court to determine the invalidity of the resolution of the general meeting.
1A) Act No. 553/1991 Coll., on the Czech General health insurance company
Republic, as amended by Act No. 586/1992 Coll., Act No. 10/1993 Coll.
Act No. 60/1995 Coll., Act No. 145/1996 Coll., Act No. 48/1997 Coll.,
Act No. 305/1997 Coll., Act No. 93/1998 Coll. and Act No. 125/1998 Coll.
Act No. 280/1992 Coll., on departmental, industry, corporate, and other
health insurance undertakings, as amended by Act No. 10/1993 Coll., Act No.
15/1993 Coll., Act No. 60/1995 Coll., Act No. 145/1996 Coll., Act No.
48/1997 Coll., Act No. 93/1998 Coll. and Act No. 125/1998 Coll. ".
The former paragraph 3 shall become paragraph 4.
2. In section 4, paragraph 4. 4, the amount "Eur 20 000 000 ' shall be replaced by" 50 000
USD ".
3. In article 4, paragraphs 5 to 8, including footnote
# 1b) are added:
"(5) the increase of the share capital by non-monetary deposits cannot be made.
The provisions of the first sentence shall not apply to cases in which to increase
share capital occurs by merging pension funds. The new shares cannot
be offered for subscription on the basis of a public call for subscription of shares.
(6) to transfer shares to the Pension Fund in the range of greater than 10%
the basic assets of the Pension Fund, carried out in one or several
operations on any person or more persons acting in concert, ^ 1b)
and to offer to the subscription of shares in the range of greater than 10% of the share capital
Pension Fund selected candidates is subject to prior consent of the
The Ministry of Finance (hereinafter referred to as "the Ministry"), in agreement with the Commission for
securities. A request for consent, the transferee or served
an underwriter. If the Ministry within 30 days from the date of receipt of the
consent has indicated that with the transfer or the subscription of new shares
disagree, are approved. A shareholder who has acquired shares
in the way described in this paragraph without the consent of the Ministry, shall not
to exercise the shareholder's rights referred to in section 3, paragraph 3. 3 (b). a) to (c)).
(7) the Ministry shall not grant a consent referred to in paragraph 6, if the acquisition of the
to that extent the shares of the Pension Fund were not in line with the requirement of
trust and security of pension schemes.
(8) shares of pension funds, which represent shareholders ' participation
in the pension fund cannot be used to secure the commitments.
1B) § 66b commercial code. ".
4. in § 5 para. 1 the second sentence, the words "Ministry of Finance (hereinafter referred to as
"the Ministry") ' shall be replaced by "the Ministry".
5. § 5 para. 2 letter e) reads: "e) depositary.".
6. In article 7 (2). 2 the first sentence, the words "a member of the Board of Directors and Supervisory Board
Council Pension Fund (hereinafter referred to as ' the institutions ' Pension Fund) "are replaced by
the words "a member of the Board of Directors and a member of the Supervisory Board (hereinafter" the institutions
the Pension Fund ") and the head" and the second sentence, after the words "member of the
authority of the Pension Fund, "the words" or chief clerk ".
7. In article 7 (2). 3 (b). (b)), the word "insurance" shall be replaced by including
footnote # 1 c) "insurance companies, health insurance companies 1 c) ^ 1a)
1 c) Law No 185/1991 Coll., on insurance, as amended by Act No.
320/1993 Coll., Act No. 60/1995 Coll. and Act No. 152/1995 Coll. ".
8. In paragraph 8 of the text at the end of paragraph 1, the period is replaced by a comma and the following
the words "If this Act does not provide otherwise.".
9. In paragraph 8, the following paragraphs 3 to 6 shall be added:
"(3) the Ministry may decide to change the depositary of the Pension Fund,
If the depositary is violating the obligations laid down by law or
depozitářskou Treaty. Depozitářská contract expires on the date that it becomes
the decision, by which the Ministry decided to change the CSD.
Not later than one month from the date of termination of the contract is depozitářské
a pension fund shall enter into a contract with another bank depozitářskou.
(4) a pension fund is obliged to always set up your separate depository
current accounts or sub-accounts to your current account for
and admission and return of contributions) of participants of pension rights
(hereinafter "post"),
(b)
) the provision and return of State contributions to the supplementary pension insurance
(hereinafter referred to as "the State"),
(c) financing the activities of the Pension Fund),
d) placing and storing resources in the Pension Fund.
(5) current account with a different bank than it is the depositary of a pension fund may
set up after the announcement of its depositary, and only as a condition of opening
the term deposit account. After the establishment of a term deposit account is a retirement fund shall be obliged to
This current account balances converted to a deposit account or to a basic
account with the depositary.
(6) when you change the depositary of the Pension Fund may have opened a separate
current account for receiving and returning the contributions of participants at a bank with which
depozitářská contract to lapse, for a period of six months from the date of termination of
This Treaty. '.
The former paragraph 3 shall become paragraph 7.
10. in § 9 para. 2 the first sentence, the words "and the pension scheme ' shall be deleted.
11. in article 9 the following paragraph 3 is added:
"(3) the changes to the pension plan must be approved by the Ministry, otherwise
are invalid. If the Department within 60 days from the date of service of the
the change indicated that disagrees with the change, the change is approved.
The Ministry does not approve the proposal for the amendment, if the amendment does not meet the requirements of the
§ 5 para. 4. changes to the pension plan approved in agreement with the Ministry
The Ministry of labour and Social Affairs. "
The former paragraph 3 shall become paragraph 4.
12. In article 11 (1) 1 letter e) is added:
"e) contributions".
13. in section 12, the following paragraph 3 is added:
"(3) the brokering activities leading to the conclusion of the agreement between the
Pension Fund and a natural person that is eligible to be a participant in
(section 2), it may exercise the natural or legal person residing or
located on the territory of the Czech Republic, for the Pension Fund, which has
authorised (§ 5 para. 1). ".
14. in § 14 para. 2, the words "or with whom he was before concluding the contract
the person who has entered into a contract, the familiar ' are deleted.
15. In paragraph 17 of the present text shall become paragraph 1 and the following
paragraph 2, which reads as follows:
"(2) a pension fund is required to a party not later than 30 days from the date of
delivery of notice in writing to confirm her receipt and indicating the date of demise
supplementary pension schemes ".
16. in section 18 para. 2, after the word "If" the word "the" should be deleted.
17. in § 19 para. 1 (b). a) after the word "payment" shall be replaced
"the last".
18. in section 19 para. 1 at the end of the text of the letter b), the words "instead of
the last Board ".
19. in section 19 paragraph 2 reads as follows:
"(2) the participant's supplementary pension rights shall be interrupted on the date indicated
participant in the notice of supplementary pension insurance suspension, however, the first
the first day of the calendar month following receipt of the written
notification of the Pension Fund. A participant can pension plans according to
the first sentence break, only if
and paid contributions) pension insurance for 36 calendar
months, or
(b) contributions paid for) 12 calendar months in the case of each
further supplementary pension insurance suspension for the same pension fund.
If a participant breaks the pension insurance, has for a period of interruption shall be entitled
the revenue share in the Pension Fund, for which pension
insurance interrupted. ".
20. In paragraph 19, the following paragraph 3 is added:
"(3) other supplementary pension insurance contract can be concluded where
and previously incurred by the supplementary pension) has been terminated in the manner specified in the
paragraph 1 (b). a) to (e)),
(b) arising from pension insurance) previously was suspended pursuant to paragraph 2,
or
(c) a participant which was) entitled to benefits supplementary pension schemes
under section 20 (2). 1, asked for the payment of benefits; the next contract may be concluded
soon as possible to the first day of the calendar month following the delivery of
a written request for payment of the pension fund benefits. ".
21. in section 20 (2). 1, letter a) is added:
"a) Board, which means the regular payment of the monetary lifetime
the amounts, and in the case of a survivor's pension, the payment of a sum of money for
set out the pension plan ".
22. in article 21, paragraph 1 reads:
"(1) of the supplementary pension insurance can be used to provide these retirement:
a) old-age pension, if it is a condition of the award of old-age pension entitlement of
pension insurance or reaching the age established by the pension plan,
b) disability pension, if it is a condition of the granting of full disability claim
income from pension insurance,
(c)) výsluhové pension, if it is a condition of achieving the pension entitlement period
insurance provided for the pension plan,
d) survivor pension, if the condition of the claim of the death of a participant. ".
23. in article 21 paragraph 2 reads as follows:
"(2) a condition of the right to a pension is a payment of pension
supplementary insurance for a certain period to be determined pension plan (hereinafter referred to as
"insured period"), which must be at least 36 calendar months
must not be longer than 60 calendar months, with a period of 36
calendar months in the pension plan cannot be reduced. As a condition of entitlement to
old-age pension, however, is that the insured period amounted to at least 60
calendar months, which period cannot be cut in the pension plan;
the insured period shall not be longer than 120 calendar months. ".
24. in section 21 para. 4 the digits "50" is replaced by the figure "60".
25. in section 22, the following paragraph 3 is added:
"(3) in the event of a claim for compensation and after delivery
a written request for the payment of the Pension Fund must pay
a one-time settlement to the end of the calendar quarter following the
the month to which the last contribution was paid to the participant.
A participant, who qualify for the compensation, and that
pension insurance prior to commencement of the application for the payment of,
the Pension Fund is required to pay the compensation within three months
After receipt of the written request for his paycheck. ".
26. in paragraph 2 of article 23. 1 (b). a) after the word "Board" the words ",
supplementary pensions has lasted at least 12 calendar months ".
27. in paragraph 2 of article 23. 1 at the end of subparagraph (b)), the words "or if the
entitlement to the survivor pension all natural persons designated in the contract
in writing to abandon ".
28. in paragraph 1 of article 23. 2 at the end of the following sentence:
"The amount of the national pension fund contribution is required to return
Ministry. ".
29. in paragraph 1 of article 23. 3, after the words "the Pension Fund must pay"
the words "and return to the Department of State posts" and the words
"authorized person" shall be replaced by the words "or of the natural person
specified in the contract ".
30. in paragraph 23 of the at the end of paragraph 3 the following sentence:
"If a party asks for the payment of the surrender value prior to termination of the pension
insurance, the Pension Fund must pay the surrender value and the State
posts return to the Ministry not later than three months from the date of termination of
supplementary pension schemes ".
31. in § 24 para. 1 the words "pension rights (hereinafter referred to as" State
post ") ' shall be deleted.
32. In section 24 paragraph 2 reads as follows:
"(2) If a participant is requested to transfer the funds referred to in paragraph 1, the
a pension fund shall convert within three months from the date of
the demise of the supplementary pension insurance suspension. The request for the transfer of funds is to be
attach the consent of the Pension Fund, in accordance with paragraph 1. ".
33. In paragraph 26, at the end of paragraph 2 the following sentence:
"The report on the management of the Pension Fund, including an overview of the storage and
the location of the resources of the Pension Fund and the amount thereof and the number of its
participants is included in the written information referred to in paragraph 1. ".
34. In paragraph 26, the following paragraph 3, including the footnotes.
8A):
"(3) the list of members of the Pension Fund and the pension list of shareholders
the Fund, which must contain the information pursuant to a special Act, ^ 8a) must be
available to the public at the registered office and all branch offices of the Pension Fund.
8A) § 156 para. 2 of the commercial code. ".
35. In section 27, paragraph 5, including footnote No 8b) is added:
"(5) A participant may, with his consent to pay pension fund
post all or part of a third party; the participant is obliged to
the fact, in writing, notify the Pension Fund. In the first sentence
may pay all or part of the contribution, the employer also for their
employees who are participants under this Act. In the first sentence
employers may also forming the Fund for cultural and social
needs ^ 8b) pay from the Fund, or part of a contribution for its
employees who are participants under this Act. On post
paid by the employer in whole or part for your employees to
does not provide a State contribution.
8B) Decree No. 310/1995 Coll., on the Fund for cultural and social needs,
as amended by Decree No. 167/1997 ".
36. In paragraph 27, the following paragraph 6 is added:
"(6) the period of deferral of contribution payment, for which the Subscriber paid
posts, counts towards the insured period. Time for another break
contribution payment to the insured period. ".
37. In section 29, paragraph 2 reads as follows:
"(2) the amount of the public contribution per calendar month shall be determined according to the
the monthly amount of the allowance paid to the participant's pension provided for by
contributory pension plan as follows:
the amount of contribution the amount of the State
participant in the $ post in CZK
100 to 199 50 + 40% of amount over $100
200 to 299 90 + 30% of the amount over $200
300 to 399 120 + 20% of the amount over $300
400 to 499 140 + 10% of the amount over $400
500 or more $150. ".
38. In section 29, paragraph 3 shall be deleted and paragraph 4 shall indicate
as paragraph 3.
39. In section 29, paragraph 4 reads:
"(4) when you change a depositary shall belong to the State's contribution referred to in paragraph 1, and
If the participant's contribution has been paid within the time limit set out in section 27 para.
3 with the depositary of the Pension Fund before making the changes, even after
period of six calendar months after the expiry of the depozitářské
Treaty. ".
40. in section 30 paragraph 2. 1 the first sentence after the word "served" shall be replaced
"quarterly".
41. In section 30 paragraph 2. 1 the second sentence, the word "this" is replaced by
"the end of the calendar".
42. In § 30 paragraph 2 reads as follows:
"(2) the Ministry is obliged to point out the State's contribution for the calendar
quarter on account of a pension fund by the end of the second month
following the quarter in which the granting of the State contribution
asks. ".
43. In section 30 paragraph 2. 3 the first sentence, the words ' eight days ' is replaced by ' 30
days ".
44. In article 30, the following paragraph 4 is added:
"(4) the amount of the public contribution remitted by pension fund
paragraphs 1 and 2, which were not used for the satisfaction of claims under paragraph 23,
24 and 25, the Pension Fund shall be obliged to return to the Ministry,
and) six months from the date of termination of the supplementary pension insurance in the case of
entitlement to surrender under section 23, and in the case of heritage in accordance with § 25,
(b)) within 60 months from the date of termination of the supplementary pension insurance in case when the
do not qualify the participant to surrender under section 23 and did not ask for
converting resources into a supplementary pension scheme with a pension
the Fund pursuant to § 24. ".
Paragraphs 4 and 5 shall be renumbered as paragraphs 5 and 6.
45. In article 31, the following paragraphs 3 and 4 are added:
"(3) a pension fund may not dispose of his property in a way that would
was contrary to the interests of the participants.
(4) in case of doubt on the eligibility of the Pension Fund to cover claims
to benefits from the pension insurance, the Ministry may, at its own expense
provide verification of the eligibility of the expert. ".
46. In § 33 paragraph 1 including the footnotes # 10), 11), 11a), and
11B) is added:
"(1) the resources of the Pension Fund may be placed only in the
and) ^ 10) Government bonds and bonds, for which the State has assumed a guarantee,
b) mortgage bonds,
c) bonds, whose issuers are the Czech National Bank ^ 11) and other
the Bank ^ 11a)
d) bonds issued by commercial companies and are admitted to trading
on the main or secondary market stock exchanges
e) shares and investment securities admitted to trading on the main or
secondary market stock exchanges
(f)), for which the municipal bond guarantee, the Bank was taken over by the
banks, ^ 11b)
g) bonds, whose issuers are Member States of the Organization for
economic cooperation and development, or the Central Bank of those States,
h) movable assets representing the guarantee safe storage of cash
resources,
I) generating a steady income and property serving completely or
mainly for business or residence.
10) section 18 of law no 530/1990 Coll. on bonds, as amended by Act No.
84/1995 Sb.
11) Law No 6/1993 Coll. on Česká národní banka, as amended by Act No.
60/1993 Coll. and Act No. 15/1998 Coll.
11A) Act No. 21/1992 Coll., on banks, as amended by Act No. 265/1992 Coll.,
Act No. 293/1993 Coll., Act No. 154/1994 Coll., Act No. 83/1995 Coll.
Law No. 84/1995 Coll., Act No. 61/1996 Coll., Act No. 306/1997 Coll.
Act No. 16/1998 Coll., Act No. 128/1998 Coll. and Act No. 166/1998 Coll.
11B) section 20 (2). 1 (b). (a)) 2 of law no 530/1990 Coll. ".
47. In paragraph 33, the following new paragraph 2 is added:
"(2) a pension fund can save resources as well as on deposit accounts in
banks. 11a) the amount of the resources stored in this way one bank may not constitute
more than 10% of the assets of the Pension Fund. ".
Paragraphs 2 to 5 shall become paragraphs 3 to 6.
48. In article 33, paragraph 3 is added:
"(3) a pension fund is obliged to buy only securities at the lowest price,
would it be possible with professional care to buy, and
sell only at the highest price at which it would be possible with
professional care to sell. Compliance with the conditions laid down in the previous sentence is
a pension fund shall be obliged to prove. ".
49. In article 33, paragraph 4, including footnote No 11 c) is added:
"(4) for calculating the value of the security in the assets of the Pension Fund
shall apply mutatis mutandis the provisions of special legislation, which provides for the
How to calculate the value of the securities owned by the mutual fund or
Investment Fund. ^ 11 c)
11 c) Decree No 207/1998 Coll., on the calculation of the value of the securities in the
assets in the mutual fund or hedge fund. ".
50. in § 33 para. 6, after the word "rates", the words "or" price.
51. In paragraph 33, the following paragraph 7 is added:
"(7) the assets of the pension fund cannot be used to ensure the commitments.".
52. In paragraph 34, the following new paragraph 2 is added:
"(2) the value of securities pursuant to § 33 para. 1 (b). (e)) shall not constitute
more than 25% of the assets of the Pension Fund. ".
Paragraphs 2 to 6 shall become paragraphs 3 to 7.
53. In § 34 paragraph 1. 6 is the number "3" is replaced by the figure "4".
54. In article 35 shall be deleted at the end of a period and the following:
"and people whose pension plans were lost in the year for which the profit
divides. ", the present text shall become paragraph 1 and the following
paragraph 2, which, including footnote # 12a):
"(2) if the management of the Pension Fund will end up losing, it shall apply to
cover loss retained earnings from previous years, reserve fond12a) and other
funds retained profit. If these resources are not enough, the loss must be covered by a
reduction of the share capital. The value of the share capital may not fall under the
the amount referred to in section 4, paragraph 4. 4.
12A) § 67 and 217 of the commercial code. ".
55. In paragraph 36, the dot at the end of paragraph 1 shall be deleted and the words "and shall be
an overview of the location of the resources of the Pension Fund (§ 33 (1)), their
Save (section 33 (2)) and their amount. ".
56. In article 37, paragraph 1, including footnote No. 12b):
"(1) a pension fund is obliged to continuously record the status of contributions
paid for the benefit of the participants in the distribution between
participant contributions a participant eligible for deduction from the base of the
income tax ^ 12b) a participant who is a taxpayer, posts
paid by the employer and the other contributions paid for the benefit
of the participant. Furthermore, it is required to separately register pension fund status
State contributions of individual participants and shares
the management of the Pension Fund.
12B) § 15 para. 12 Act No. 586/1992 Coll., on income taxes, as amended by
Act No. 167/1999 Coll. ".
57. In paragraph 37, the following paragraph 5 is added:
"(5) the Pension Fund is obliged to documents related with the pension
' save and retain participant is
and ten years) after an application for a State contribution for the
a participant for documents proving entitlement to the State's contribution,
(b)) three years following the payment of the last dose of the pension
insurance for the participant documents proving entitlement to benefits
supplementary pension schemes ".
58. In paragraph 39, the following paragraph 5 is added:
"(5) the proposal to allow registration of a liquidator in the commercial register and the
cancellation of the liquidator of the business register serves the liquidator. ".
The present paragraph 5 shall become paragraph 6.
59. In § 42 para. 3 at the end of the following sentence including notes below
line no. 13a):
"To that end, the Ministry shall be entitled to operate an information system
under the terms of special legislation. ^ 13a)
13A) Act No. 256/1992 Coll., on the protection of personal data in information
systems. ".
60. In § 42 para. 5 at the end of the following sentence including notes below
line no. 13b):
"The staff of the Ministry may provide information to the Securities and Exchange Commission
the papers and the Czech National Bank for the purpose of mutual cooperation carried out
under special legislation. ^ 13b)
13B) § 16 to 18 of law No. 15/1998 Coll., on the Securities and Exchange Commission and the
amendments to other laws. ".
61. In paragraph 42, the following paragraph 6 is added:
"(6) the Pension Fund is obliged to:
and submit to the Ministry and the Commission) for securities annually
not later than 31 December 2006. January list of shareholders, with an indication of the data
requires a special legal regulation, ^ 8a)
(b) inform the Ministry and Commission) for securities of any change in
the list of shareholders within ten days after the entry of the modification in the list of shareholders,
(c) submit to the Ministry and the Commission) for securities of the resolution
Registration Court for entry of the change or termination of the written facts
without undue delay after registration in the commercial register. ".
The present paragraph 6 is renumbered as paragraph 7.
62. In § 43 para. 1 (b). a) after the word "removed" the words
"or to exchange them in the specified time, the members of the institutions, pension fund" and
After the word "and" shall be inserted after the word "to".
63. In § 43 para. 1 (b). (c)), the word "or" is replaced by a comma and at the end of
shall be added the words "or until such time as the registration entry to pension fund
disposal in the commercial register. The trustee is entitled to remuneration
in the amount prescribed by the Department and also to cover reasonably incurred
the costs associated with the performance of the asset manager. Reward and remuneration
reasonably incurred costs are paid from the assets of the Pension Fund, ".
64. In § 43 para. 1 (b). e) point 1 shall be deleted, the word "or" at the end of
point 2, the period is replaced by a comma and the following word "or" and for point 2
the following paragraph 3 is added:
"3. the pension fund does not close within one month from the date of acquisition of legal power
the decision, which the Ministry decided on the change of the depositary, a new
depozitářskou the contract (§ 8 (3)). ".
65. In § 43 para. 2, the words "three months" are replaced by the words "one
of the year ".
66. In § 46 para. 3, the second sentence shall be deleted.
Article II
Act No. 586/1992 Coll., on income taxes, as amended by Act No. 35/1993
Coll., Act No. 96/1993 Coll., Act No. 156/1993 Coll., Act No. 196/1993
Coll., Act No. 323/1993 Coll., Act No. 42/1994 Coll., Act No. 85/1994
Coll., Act No. 114/1994 Coll., Act No. 266/1994 Coll., Act No. 32/1995
Coll., Act No. 87/1995 Coll., Act No. 118/1995 Coll., Act No. 149/1995
Coll., Act No. 247/1995 Coll., Act No. 314/1996 Coll., Act No. 18/1997
Coll., Act No. 151/1997 Coll., Act No. 209/1997 Coll., Act No. 209/1997
Coll., Act No. 227/1997 Coll., Act No. 111/1998 Coll., Act No. 148/1998
Coll., Act No. 167/1998 Coll., Act No. 333/1998 Coll., Act No. 63/1999
Coll., Act No. 129/1999 Coll. and Act No. 144/1999 is amended as follows:
1. In article 6 (1). 9 in a letter in) at the end of the dot is replaced by a comma and
following is the letter w) that read as follows:
"w) employer's contribution to pension insurance with State
the contribution of poukázaný on account of its employee pension fund, ^ 9a)
with a maximum of up to 5% of the calculation basis for employees
social security contributions and contribution to State policy
employment. ^ 21) ".
2. in article 15, the following paragraph 12, which reads as follows:
"(12) from the tax base in the tax year, you can deduct the payment of contributions
the taxpayer on pension insurance with State příspěvkem9a) according to the
agreement on supplementary pension insurance with State contribution agreements between the
and the Pension Fund. The amount you can deduct,
equal to the aggregate of the contributions paid to the pension insurance with State
the contribution of the taxpayer in the tax year reduced by $200.
The maximum amount you can deduct for the tax period shall be 12
000. ".
3. in section 24 para. 2 in (a) zi) dot at the end is replaced by a comma and
the following point zj), which read as follows:
"Rev.) employer's contribution to pension insurance with State
the contribution of poukázaný on account of its employee pension fund, ^ 9a)
a maximum of 3% of the calculation basis for employees
social security contributions and contribution to State policy
employment. ^ 21) ".
Article. (III)
Transitional provisions
1. persons who are shareholders of the Pension Fund in violation of § 3 para. 3
Act No. 42/1994 Coll. on supplementary pension insurance with State contribution and
about changes to certain laws related to its introduction, in the text of the article.
(I) this Act (hereinafter referred to as the "law on supplementary pension insurance") are
shall within 6 months from the effective date of this Act to terminate the activities of the
depository or transfer their shares. If this obligation shall not
exercise these shareholder rights:
and) participate in and vote at the general meeting,
(b)) request the convening of extraordinary general meeting, and
c) petition the Court to determine the invalidity of the resolution of the general meeting.
2. Pension Fund shall, within 12 months from the effective date of this
the Act indicate the amount of its share capital in accordance with article 4, paragraph 2. 4
the Act on pension insurance, otherwise the Ministry of Finance shall withdraw
an authorisation granted to penzijní fond according to section 5 of the Act on pension
supplementary insurance.
3. A pension fund shall, within 6 months from the effective date of this Act,
Open a separate current accounts or sub-accounts to your current account with your
the depositary pursuant to § 8 para. 4 of the Act on pension insurance.
4. Proposed amendments to the pension plans and the statutes of which shall be carried out
under this Act, the Pension Fund shall, within 60 days from the date of
the effectiveness of this Act, submit for approval to the Ministry of finance.
If the Treasury does not approve the changes to the pension plan and of the Statute,
that must be made under this Act, within 9 months from the date of
the effectiveness of this law, of the reasons for the Pension Fund, the
expiry of the validity of the provisions of the pension plan and
the Statute, which are contrary to the provisions of the article. And this Act.
5. the application of the person who performs the function of authorized agents, the Pension Fund
shall, within 60 days from the effective date of this Act, submit to the
the approval of the Ministry of finance. The Finance Ministry will decide on the proposal
within 90 days from the date of its delivery.
6. the changes resulting from the article. And this Act shall apply only to contracts
supplementary pension insurance (hereinafter referred to as the "agreement") between the participant
supplementary pension schemes and pension fund concluded after approval of the amendments
pension plan the Ministry of finance after the effectiveness of this Act.
Supplementary pension insurance and pension fund may, however,
agree to amend the Treaty so as to match the changes to this agreement
arising from article. (I) this Act, concerning the necessary time
payment of contributions to supplementary pension schemes and the age of 60 provided for
for entitlement to old-age pension or retirement conditions
income from pension insurance, or other changes resulting from
article. And this Act.
7. in the case of supplementary pension insurance participants whose contracts do not match
changes resulting from the article. (I) this Act, concerning the necessary
the period of payment of contributions to supplementary pension schemes for entitlement to
old-age pension and the age of 60 years laid down for entitlement to this pension
or the conditions of award of a retirement pension from the pension insurance,
the amount of the public contribution to the supplementary pensions determined according to the laws of the
in force prior to the effective date of this Act; for participants in the pension
rider, who meet the necessary period of payment of contributions on
pension insurance for entitlement to old-age pension and the age of 60 years
laid down for entitlement to this pension or condition Declaration
old-age pension from the pension insurance, the State, however,
contribution to the pension insurance provides for by calendar month
following the calendar month in which these conditions are met,
the amount laid down in article 21(2). I, section 37 of this Act, even if the
the Treaty has not changed.
8. The State's contribution to a pension scheme established in the article. (I)
section 37 of this act falls first for January 2000. Until 31 December 2006. December
1999 belongs to the contribution of set in accordance with the regulations in force prior to the
the effective date of this Act. The provisions of article. (II) of this Act shall
It's the first for tax year 2000.
9. Location and saving resources is a pension fund shall, within 6 months
from the effective date of this Act brought into accordance with the § 33 para. 1, § 33
paragraph. 2 and section 34 para. 2 of the Act on supplementary pension insurance.
10. If a pension fund is recorded in the accounts of the loss for the previous period,
shall, within 12 months from the effective date of this Act, comply with
an obligation imposed by section 35 para. 2 of the Act on supplementary pension insurance.
11. If as a result of article. And this Act shall be entered on the basis of
a special Act of certain information in the commercial register, the deadline
provided for by the Act on pension insurance for the fulfilment of the obligations of the
the Pension Fund is maintained, if it is filed on the last day of the period the proposal to
enable writing of the data.
Article IV
The President of the Chamber of deputies to ratify, in the collection of laws of the United
Republic declared the full text of Act No. 42/1994 Coll., on pension
insurance with State contribution and on changes of some acts
related to its introduction, as is apparent from later laws.
Article. In
The effectiveness of the
This Act shall take effect on the date of its publication, with the exception of the provisions of article.
I, point 37, which shall take effect on 1 January 2000. January 1, 2000.
Klaus r.
Havel, v. r.
Zeman in r.
