RUSSIAN FEDERATION FEDERAL LAW on the budget of the Pension Fund of the Russian Federation for the year 1996 adopted by the State Duma April 24, 1996 year approved by the Federation Council May 15, 1996 year, Article 1. Approve the budget of the Pension Fund of the Russian Federation (hereinafter referred to as the Fund) at the 1996 income year amounting to 163,090.5 billion. rubles, expenditures in the amount of 163,090.5 billion. rubles.
Article 2. Establish that the proceeds of the Fund's budget for the 1996 year is derived from the following sources: (mln rubles) insurance premiums 137,285,687.4 federal budget funds, channelled through the Fund for financing the payment of State pensions in 1996 year volume 18,587,324.3 funds the federal budget under the Fund to cover the debts incurred in 1995 year 3,089,604.2 funds the federal budget under the Fund to cover the costs of paying interest for the use of attracted credits in 1995 year 171,641.6, the income of the Fund swaps the federal budget for the 1992-1994 years 1,956,319.2 other 2,000,000.0 Article 3. Send in 1996 year budget of the Fund for the following purposes: (mln rubles) the payment of pensions in accordance with the Act of the RSFSR "on State pensions in the RSFSR 140,344,817.6 compensatory payments to unemployed employable persons caring for disabled citizens 95372.4 payment of pensions to citizens who left to take up permanent residence abroad 7500.0 payment ritual manuals 1,696,787.4 State pensions and benefits financed by the Fund on the basis of 15,300,083.2 return shipping and forwarding pensions to be financed by the Fund on the basis of return 3,287,241.1 return borrowed funds of Social Insurance Fund of the Russian Federation 831,000.0 return borrowed funds the State Employment Fund of the Russian Federation 332,000.0 868,600.0 Fund of content exchange activities, training and retraining 7000.0 capex and design work 260,000.0 maintenance and development of the Bank data of payers and the preparation of personalized registration of the insured Article 60175.0 4. Establish that in 1996 year payment of State pensions and benefits, to be funded in accordance with the legislation of the Russian Federation at the expense of the federal budget, as well as the cost of shipping and forwarding of all types of public pensions, made in accordance with the legislation of the Russian Federation shall be exercised at the expense of the State Fund for the non-returnable basis.
Expenditure for payment of State military pensions and coequal to them of pensions to citizens, their families, social pensions, as well as providing benefits in part of pensions and compensations to citizens affected by the Chernobyl disaster, to approve the amount of 18,587,324.3 million. rubles.
Among them: (millions of dollars) pensions for military personnel and coequal to them of pensions to citizens and their families in accordance with the Act of the RSFSR "on State pensions in the RSFSR" 4,262,813.2 social pension in accordance with the Act of the RSFSR "on State pensions in the RSFSR 3,159,953.5 expenditure on pensions participants of great patriotic war and widows of soldiers killed in the great patriotic war, in accordance with the Federal law of May 7, 1995 N 72-FZ" on the improvement of pension participants of the great patriotic war war and widows of soldiers killed in the great patriotic war, receiving pensions under the law of the RSFSR "on State pensions in the RSFSR 5,600,315.9 compensation in accordance with the law of the Russian Federation on the social protection of citizens exposed to radiation as a result of the catastrophe at the Chernobyl NPP" 2,277,000.6 shipping and forwarding pensions to the Government of the Russian Federation 3,287,241.1 advance monthly expenses of the Fund in the amount of necessary for the payment of pensions in the coming month, for replenishment of current funds of the Fund in accordance with the approved standard.
Article 5. Install standard revolving funds in the budget of the Fund at the beginning of each month at a rate of 40 per cent of expenditure on pensions in the coming month.
Install standard revolving funds on January 1, 1997 year amounting to 6402.3 billion. rubles.
Article 6. Establish that in 1996 year employers pay monthly premiums in terms of getting the banks funds for salaries in the past month, but no later than the 15th day of the month following the month for which the calculated premiums. In the same order employers to pay mandatory contributions from employees, including pensioners.
Employers who do not have accounts in banks, as well as paying the sum of labour costs from revenues from the sale of products, execution of works and rendering of services, pay calculated premiums to 10-th day of the month following the month for which the calculated premiums.
Article 7. Give the Fund the right of deferred and installment repayment of debts on insurance contributions, have elapsed, fines and other financial sanctions in exceptional cases when their indisputable recovery leads to a cessation of production activities of insurance contribution payer, for a period not exceeding three months within one calendar year.
Article 8. Establish that in 1996 year for delayed payment of insurance contributions of employers, including mandatory contributions from employees, a fine shall be imposed at the rate of one three-hundredth of the refinancing rate of the Central Bank of the Russian Federation (Bank of Russia) for each day of delay.
Article 9. Establish that for organizations that have to March 1, 1996 year in arrears on insurance contributions owed in connection with the delay in financing from the budgets of all levels March 1, 1996 year calculating default interest on arrears specified stops.
These organizations pay accumulated in the period up to March 1, 1996 year insurance contributions arrears together with accrued during the same period, the penalties during the 1996-1997 biennium in equal instalments on a quarterly basis without charging penalties subject to the timely payment of current charges.
Article 10. In the case of the unavailability of financial resources from insurance premiums and other stipulated by this federal law sources of income for the payment of State pensions in accordance with approved schedules this month required financial resources are allocated from the federal budget to the budget of the Fund in the form of interest-free loan, which reimbursed the Fund for the federal budget as income insurance payments.
Article 11. Install that, when changes and additions to the pension legislation of the Russian Federation, demanding increased spending on pensions provided for in this federal law, the Federal law is determined by the source of the financial providing of additional costs.
Article 12. This federal law shall enter into force on the day of its official publication.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N July 8, 1996 88-FZ