Amendments To The State Funded Pension Law

Original Language Title: Grozījumi Valsts fondēto pensiju likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2012/189.5

The Saeima has adopted and the President promulgated the following laws: law on State funded pensions in State funded pension Act (the Latvian Saeima and the Cabinet of Ministers rapporteur, 2000, nr. 7; 2002, nr. 24; 2004, nr. 2, 9.; 2005, 12. No; 2006, 21 no, 12; 2007; 2008, nr. 21. no; 2009, 1., 10., 14. no; Latvian journal 2010, 206. No.) the following amendments: to replace the transitional provisions: in paragraph 2, the numbers and the words "1 January 2013" with numbers and words "2016 January 1"; Add to paragraph 3 of section 6 and 7 by the following: "6) January 1, 2013, 4 percent of the contributions to the object that is required by law; 7) by January 1, 2015, 5 percent of the contributions to the object that is specified by law. "; make paragraph 15 as follows: "Cabinet of Ministers 15. within six months from the date when the final financial year, the social insurance special budget year revenue exceeds expenditure, assessed the social insurance contribution rate reduction the State funded pension scheme 2011-2015 and its impact on occupational pension schemes, the Member's age retirement shall be submitted to the capital and the parliamentary report. The report also includes an assessment of the possibility to compensate the social insurance contribution rate reduction the State funded pension scheme. " The law shall enter into force on January 1, 2013. The Parliament adopted the law in 2012 on November 15. The President a. Smith in 2012 on November 30.