On The Budget Of The Pension Fund Of The Russian Federation For The Year 1997

Original Language Title: Об исполнении бюджета Пенсионного фонда Российской Федерации за 1997 год

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RUSSIAN FEDERATION FEDERAL LAW On the performance of the budget of the Pension Fund Russian Federation for 1997 Adopted by the State Duma on 19 May 1999 On 9 June 1999, the Federation Council, in the wording of the Federal Law of the Russian Federation, N 150-FZ; dated 30.12.2001 N 194-FZ) Article 1. Report on the performance of the budget of the Pension Fund of the Russian Federation for 1997 on income in the amount of 183,141.64 billion The total cost of the project is estimated at $1.5 billion. -Ruble. Article 2. To approve the revenue part of the budget of the Fund, which is generated from cash receipts from the following sources: (billion) (b) Fund balance as at 1 January 1997: 1 583.70 Insurance premiums of 151,072.94 of which: mobilization of arrears Budget allocated through the Fund for the purpose of financing the payment of State pensions and benefits of 15,221.00 federal budget funds received by the Fund in the amount of arrears of the federal budget to the Fund for 1996 6 381.00 Debt service of the federal budget to the Fund of 1 418.00 Reimbursed by the State Employment Fund of the population of the Russian Federation for early retirement benefits for unemployed citizens 287.60 Other income 7 177.40 of them: outstanding bank loans and loans, provided by local budgets 3 249.56 Article 3. Approve the expenses of the Fund for the following purposes: (billion) In accordance with the Law of the Russian Federation "On State Pensions in the Russian Federation" 139 70,05 of them: early pensions reimbursed by the State Employment Fund of the Russian Federation 342.34 Payments received from insurance premiums 70.49 Disbursements State pensions to citizens receiving pensions from insurance contributions to permanent residence abroad of 13.43 Social benefits for burial and provision of a guaranteed list of burial services to recipients State pensions from insurance premiums 1 148.08 13 102.21 State Pension Reimbursement of State Pension Fund- Recipients of pensions from the federal budget who have moved to permanent residence abroad 4.01 Delivery and transfer of all types of State pensions and benefits financed by the State and financed by the Fund basis 2 983.17 (Paragraph 11 is suspended from 1 January to 31 December 2002-Federal Law of 30.12.2001 N 194-FZ) Payment of arrears of State pensions and benefits for 1996 financed by the Fund from the federal budget 1 794.90 of them: OF THE PRESIDENT OF THE RUSSIAN FEDERATION On measures to ensure the timely payment of pensions in the fourth quarter of 1995" 119.42 Contents of Fund bodies 955.24 Exchange activities, preparation and 6.23 Capital investments and project works 291.61 Development of infrastructure and implementation of individual (personalized) accounting for State pension insurance, maintenance the existing automated information system of the Fund 134.15 Expenses for repayment of the Fund's loan from banks as at 1 January 1997 3,646.31 Interest costs for bank loans reimbursed to the Fund from the federal budget 954.85 Other expenses 959.25 Set the carry-over balance as at 1 January 1998 in the amount of 3,308.04 million (...) (...) Article 4. To establish the balance of the securities of credit institutions accepted by the Fund as a means of payment to cover the arrears of insurance contributions and the assessed contributions of the organizations that have concluded the respective agreements with the Fund, as at as at 1 January 1997 in the amount of $2,280.99 million. -Ruble. Set the carry-over balance in securities of credit organizations as of 1 January 1998 in the amount of USD 3,511.05 million. -Ruble. Article 5. The amount of outstanding insurance contributions payable to the Fund as at 1 January 1998 is $87,684.07 million. -Ruble. Article 6. To establish that the costs of servicing attracted bank loans in the amount of 954.85 million USD. Payments made by the Fund in 1997 shall be reimbursed to the Fund in full at the expense of the federal budget.(Part One is suspended from 1 January to 31 December 2002 for reimbursement of freight and forwarding costs All types of State pensions and allowances, the cost of servicing loans for 1996 and 1997 from the federal budget in the amount of 5,047.06 million Federal Law of 30 December 2001 N 194-FZ) Set the amount of uncompensated federal budget debt to the Fund for the payment of State pensions and benefits, the delivery and transfer of all types of State pensions and benefits, The Fund is implemented on a reimbursable basis, taking into account the cost of servicing the bank loans in the amount of $7,143.41 million as at 1 January 1998. roubles.(Part two is suspended from 1 January to 31 December 2002 for the reimbursement of the costs of shipping and transferring all types of government pensions and benefits, the costs of servicing loans for 1996, as well as 1997 from the federal budget in the amount of 5,047.06 million. Federal Law of 30 December 2001 N194-FZ) Delay the repayment of the specified debt of the federal budget until 1 January 2000, and establish that its repayment is effected in 2000 on a monthly basis equal to the payment of interest on debt service The current rate of refinancing of the Central Bank of the Russian Federation. (Part Three Suspended from 1 January to 31 December 2002-Federal Law dated 30.12.2001 N 194-FZ) Article 7. To provide for the 1998 budget of the Fund for the repayment of the balance of the Fund's retained loans as at 1 January 1998 in the amount of US$ 3,249.56 million. -Ruble. Article 8. To establish the amount of the arrears of the State Employment Fund of the Russian Federation to the Fund for the payment of early pensions for unemployed citizens in accordance with the legislation of the Russian Federation as at 1 January in the amount of $215.20 million. It will be repaid in 1999. Article 9. This law shall enter into force on the date of its official publication. President of the Russian Federation B. Yeltsin Moscow, Kremlin 23 June 1999 N 114-FZ