Raising The Minimum Wage

Original Language Title: О повышении минимального размера оплаты труда

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Spspent power-Federal Law of 22.04.96 g. N 40-FZ RUSSIAN FEDERATION FEDERAL LAW On raising the minimum wage adopted by the State Duma on 20 October 1995 Approved by the Council Russian Federation 25 October 1995 Article 1. The minimum wage: from 1 November 1995, in the amount of 57,750 rubles per month, from 1 December 1995, in the amount of 60,500 roubles a month, from 1 January 1996, in the amount of 63,250 roubles a month. Article 2. The minimum wage set by article 1 of this Federal Law is introduced by: , financed by budget sources, from the respective budgets; other organizations, by their own means. Article 3. Scholarships to students of higher vocational education institutions, students of secondary vocational and primary vocational training institutions, post-graduate students in the field of study Graduates of higher vocational education and research institutions, related benefits and other social benefits are established on the basis of article 1 of this Federal Act. The minimum wage. Article 4. The costs associated with payments under article 3 of this Federal Act shall be borne by the existing sources of their financing. Article 5. The law of the Russian Federation, 1995, No. 31, Art. 2987). Article 6. The calculation of taxes, fees and other charges in accordance with the legislation of the Russian Federation on taxes according to the minimum wage shall be calculated on the basis of article 1 of this Federal Act. The law of the minimum wage. Article 7. This Federal Act shall enter into force on 1 November 1995. President of the Russian Federation Yeltsin Moscow, Kremlin 1 November 1995 N 159-FZ