Amendments To The State Funded Pension Law

Original Language Title: Grozījumi Valsts fondēto pensiju likumā

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: https://www.vestnesis.lv/ta/id/191212

The Saeima has adopted and the President promulgated the following laws: law on State funded pensions in State funded pension Act (the Saeima of the Republic of Latvia 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, no. 1) as follows: 1. Replace article 4, second paragraph, the number "10" with the word "six".
2. transitional provisions: to replace in paragraph 2, the numbers and the words "January 1, 2011" with numbers and words "2012" on 1 January;
make paragraph 3 subparagraph 4 as follows: "4) by 1 May 2009 — 2 percent of contributions object that is defined in the Act. Rate applicable to the contributions from May 1, 2009, is a registered occupational pension schemes, the Member's account, with the exception of contributions for specified period to 31 December 2008; "
Add to paragraph 3 of section 5 the following: "5) by January 1, 2011 no less than 4 percent of the contributions laid down by law."
The law shall enter into force on May 1, 2009.
The law adopted by the Parliament of 2009. on 23 April.
President Valdis Zatlers in Riga V 2009 April 29, editorial comment: the law shall enter into force by 1 May 2009.