Raising The Minimum Wage

Original Language Title: О повышении минимального размера оплаты труда

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Spagle Force-Federal Law 01.11.95 N 159-FZ RUSSIAN FEDERATION FEDERAL LAW On raising the minimum wage adopted by the State Duma on July 19, 1995 Russian Federation 21 July 1995 Article 1. Set the minimum wage from 1 August 1995 in the amount of 55000 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 of the payments under article 3 of this Federal Act shall be borne by the existing sources of their financing. Article 5. The Government of the Russian Federation shall submit to the State Duma of the Federal Assembly of the Russian Federation a bill on the clarification of federal budget figures for 1995 in connection with the increase in the minimum wage by organizations, financed from the federal budget, with the exception of the income of the earmarked budget funds. According to the organizations financed from the budgets of the constituent entities of the Russian Federation, the costs of raising the minimum wage are implemented in accordance with the procedure established by the respective constituent entities of the Russian Federation. Article 6. The Federal Law "On Raising the Minimum Wage" (Legislative Assembly of the Russian Federation, 1995, No. 17, Art. 1453). Article 7. 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, effective 1 August 1995. Article 8. This Federal Act shall enter into force on 1 August 1995. President of the Russian Federation Yeltsin Moscow, Kremlin 27 July 1995 N 116-FZ