RUSSIAN FEDERATION FEDERAL LAW On the budget of the Pension Fund of the Russian Federation for 1997 adopted by the State Duma on 4 March 1998 Russian Federation 13 March 1998 (In the wording of the federal laws of 22.02.99) N 36-FZ; of 31.12.99 N 227-FZ; of 27.12.2000 N 150-FZ; dated 30.12.2001 N 194-FZ) Article 1. To approve the budget of the Pension Fund of the Russian Federation (hereinafter referred to as the Fund) for 1997 on income in the amount of 183,101,464.0 mln. The total cost of the project is estimated at over $3 billion. The total cost of the project is estimated at over $3 billion. -Ruble. Article 2. To establish that the Fund's 1997 budget revenues are generated from the following sources: (million) Total Fund balance of the Fund as at 1 January 1997: 3,864,690.0 Insurance premiums of 150,744 528.6 of them: mobilization of arrears of payers ' arrears Federal budget channelled through the Fund for the purpose of financing public pensions and benefits 15 884 555.4 Federal budget debt to the Fund for 1996 Public securities 6 381 000.0 Income of the federal budget to the Fund The State Employment Fund of the Russian Federation for the payment of early pensions for unemployed citizens 348 690.0 Other income 4 460 000.0 Article 3. The amount owed to the Fund by 1 January 1997 is $59,519.6 billion. -Ruble. Article 4. To implement, in 1997, the Fund's budget for the following purposes: (millions of United States Russian Federal Law "On State Pensions in the Russian Federation" 137 319 019.0 Compensatory payments to unemployed persons unable to work who care for disabled citizens who receive pensions from insurance premiums 70 669.7 for the payment of pensions to citizens who have emigrated to permanent residence abroad, including Pensions for military service in the internal affairs agencies, and Members of their families 18 000.0 Allowing social benefits to be buried and to provide a guaranteed list of contributory pensions by insurance premiums 1,258,194.3 Repayment of arrears of State pensions and benefits for 1996 year, financed by insurance contributions 13 950 200.0 Payment of public pensions and benefits financed by the Fund on a reimbursable basis, including the payment of arrears in the payment of State pensions and benefits for 1996 financed by Federal budget funds 14 598 413.3 3 Delivery and transfer of all types of pensions and Funded by the State and funded by the Fund on a reimbursable basis 3 208 081.5 (Paragraph 8 is suspended from 1 January to 31 December 2002-Federal Law dated 30.12.2001 N 194-FZ) Maintenance of Fund bodies 996 230.0 Exchange activities, training and retraining of staff 13 700.0 Capital investments and project works 293 000.0 Establishment of infrastructure and implementation of activities for the organization of the individual (personalized) accounting for public pension insurance purposes, including the establishment of the Information Center of personalized public pension insurance for the processing of individual information (personalized) accounting, maintenance Fund automated information system 137,600.0 Costs of leveraged loans from banks as at 1 January 1997 3 646 310.0 expenses for temporary loan services 980 000.0 Refund OF THE PRESIDENT OF THE RUSSIAN FEDERATION quarter of 1995 " 662 085.7 (Article 4 action Suspended by the year 2000-Federal Law of 31.12.99 N 227-FZ) Article 5. To establish that, in 1997, the payment of State pensions and benefits to be financed under the legislation of the Russian Federation from the federal budget, the cost of transporting and transferring all types of State Pensions and allowances under the legislation of the Russian Federation at the expense of the State, as well as for the payment of arrears in the payment of State pensions and allowances for 1996, to be financed by the State The federal budget shall be implemented by the Fund on a repayable basis. (Part One is suspended from 1 January to 31 December 2002 as part of the federal budget for the delivery of labour pensions-Federal Law dated 30.12.2001 N 194-FZ) Approve the costs of financing the payment of State pensions in 1997 to members of the armed forces and the equivalent thereof (including persons with disabilities resulting from military injury), their families, Social pensions, provision of pension benefits to citizens affected by the disaster at the Chernobyl nuclear power plant, the delivery and transfer of all types of State pensions and benefits, as well as payment of arrears of payment State pensions and benefits for 1996 to be financed by the Federal budget, which amounts to 70,6 494.8 million. -Ruble. Of them: (Million) (a) Pension for military personnel (including persons with disabilities resulting from military injury) and their families under the Russian Federation Act "On State pensions in the Russian Federation" 3 525 137.7 social pensions under the Russian Federation Act " On State Pensions in the Russian Federation Federation " 3 722 194.7 expenses for increasing pensions for participants of the Great Patriotic War and widows of soldiers killed in the Great Patriotic War, in accordance with Federal Law dated 7 May 1995 N 72-FZ " On the improvement of the pension provision of the participants of the Great Patriotic War and of servicemen who died in the Great Patriotic War, receiving pensions under the RSFSR Act "On State pensions in the RSFSR" 3,456 506.7 pension benefits for citizens affected by the Chernobyl disaster Non-working persons who care for disabled citizens receiving pensions from the federal budget of 51 174.5 social benefits for burial and provision of a guaranteed list of burial services recipients of pensions from the federal budget 115 717.1 Payment of arrears in the payment of State pensions and allowances for 1996 financed from the federal budget 1 794 900.0 for the delivery and transfer of all types of pensions and benefits 3 208 081.5 Article 5 is suspended for the year 2000-Federal Law of 31.12.99 N 227-FZ) Article 6. To recognize the unacceptable expenditure by the Fund of funds of insurance premiums and related revenues for servicing the loans attracted by banks not guaranteed by the Government of the Russian Federation. To establish that the budget of the Fund aimed at servicing attracted bank loans is reimbursable from the federal budget. (Part Two is suspended from January 1 through December 31, 2002-Federal Law No. N 194-FZ) Article 7. The Fund's working capital budget at the beginning of each month is set at 40 per cent of the cost of pensions in the coming month. Set the Working Capital Regulation on 1 January 1998 in the amount of 5,787.5 billion euros. -Ruble. To increase the excess of income over expenditure on the budget of the Fund as at 1 January 1998, in the amount of $5,949,960.5 million. The working capital ratio was set at 1 January 1998. Article 8. Employers make monthly contributions to the Fund at the same time as banks and other credit organizations receive funds to benefit workers over the past month, but not later than the 15th of the month following the month Assessed contributions. In the same way, employers pay and pay compulsory insurance contributions from employees, including working pensioners. Employers who do not have bank accounts and other credit organizations, as well as employers who make payments to employees in cash (from sales, delivery and service revenue, cash in the cash register and other cash), pays the premium in the period of actual payment of the salary for the last month, but not later than the 15th of the month following the month for which insurance premiums are levied. Individual entrepreneurs, private investigators, private auditors, private notaries involved in private practice, lawyers pay insurance premiums in accordance with the Russian Federation's Income Tax Law. Individuals. Individual entrepreneurs-small business entities that have paid the value of the patent to apply the simplified tax, accounting and reporting system, list insurance contributions within the deadlines set by the OF THE PRESIDENT OF THE RUSSIAN FEDERATION for small business entities ".
The peasant (farm) economy, patrimony, family communities of the indigenous minorities of the North, which are engaged in traditional economic activities, pay insurance contributions in the manner determined by the Government of the Russian Federation. THE RUSSIAN FEDERATION Payors who are not legal persons using employees ' work pay insurance contributions in favour of employees in the manner prescribed for employers. Article 9. For late payment of insurance premiums by employers, including insurance premiums of employees and other categories of insurance contributors, a penalty of 0.3 per cent is accrued for each day of delay. The payer due date of the premium payment obligation is to consider the date of the retirement of the insurance contributor's funds from the correspondent account of the bank that serves the payer. For the late admission of insurance contributions, as well as penalties, fines and other financial sanctions provided by the legislation of the Russian Federation, to the Fund's accounts from the correspondent account of the bank servicing the Fund The Fund is charged with a penalty of 1 per cent of these amounts for each day of delay.
The Fund has the right to levy, in undisputed order, the sum of the underpayment and penalties from all the accounts of the insurance contributors, including the foreign exchange. Article 10. To establish that the Fund is entitled: to grant instalments to organizations in 1997 to cover the arrears of insurance premiums and accrued interest on the basis of the financial status of these organizations on the basis of agreements concluded by the Fund and Insurance contributors; to suspend the assessment of the amount of an underpayment for insurance contributions to the Fund for organizations that have entered into agreements with the Fund on payment installments, for the duration of the said agreements, provided that Timeliness of payment of current payments. Set that for organizations that have fully paid off the underpayment of insurance contributions to the Fund as of 1 January 1997, in full and on time and in full, the current payments accrued for the underpaid amount of foam are recalculated at a rate of 0.3 per cent for each day that the payment is overdue. Article 11. Employers and other contributors are subject to financial sanctions in the form of collection of all or under-assessed contributions to the Fund in the amount of the employees ' benefits on all grounds, irrespective of whether or not they have been paid. Sources of financing, including fees for civil contracts, the subject of which are the performance of the work and the provision of services, and the fine in the same amount. Article 12. The Fund has the right, in 1997, to accept the promissory notes of credit organizations as a payment for the arrears of insurance premiums and the accrued interest of the organizations that have entered into agreements with the Fund. Article 13. In favour of the employees of the organizations working on the State order from the federal budget, the insurance premiums are assessed and paid on the date of the actual receipt of funds in favour of the employees. Payments made in favour of the employees of the same organizations for the performance of work not provided for by the State order from other sources, including cash or in other form, are paid in accordance with the law. Articles 8 and 9 of this Federal Law. Article 14. This law shall enter into force on the date of its official publication. President of the Russian Federation B. Yeltsin Moscow, Kremlin 27 May 1998 N 79-FZ