OFFICIAL DOCUMENTS


DECREE OF THE PRESIDENT OF AZERBAIJAN REPUBLIC
ON ENSURING AND EXECUTION OF THE LAW OF AZERBAIJAN REPUBLIC “ON BUDGET OF STATE SECURITY FUND OF AZERBAIJAN REPUBLIC FOR 2004”

Aiming at ensuring and execution of the Law of Azerbaijan Republic “On budget of State Security Fund of Azerbaijan Republic for 2004” in the view of coming into force, it is, hereby, stated:

1. To establish that the stipulated by the Article 6 of the Law of Azerbaijan Republic “On budget of State Security Fund of Azerbaijan Republic for 2004” powers of the “relevant executive power bodies” is realized by the Cabinet of Ministers of Azerbaijan Republic, and “relevant executive power bodies” – by the Cabinet of Ministers of Azerbaijan Republic and Ministry of finance of Azerbaijan Republic.

2. To assign the State Social Security Fund of Azerbaijan Republic

- For ensuring the budget revenues of the Fund for 2004 fully use its powers, fixed by the Law of Azerbaijan Republic “On social insurance” and realize necessary measures for timely financing the expenses;

- To determine pay institutions to supply population with pensions and allowances and close with the said institutions in conformity with the normative stipulated by the Article 11 of the Law of Azerbaijan Republic “On budget of State Security Fund of Azerbaijan Republic for 2004” and legislation the agreement on tariffs of services for supply the population with pensions and allowances, conducting banking operations;

- Jointly with the Ministry of labor and social security of population, Ministry of economic development and Ministry of finance of Azerbaijan Republic to prepare and within 2-month submit to the Cabinet of Ministers of Azerbaijan Republic proposals on raising the amount of average monthly pensions in balance with the “State program on poverty reduction and economic development in Azerbaijan Republic for 2003-2005s”.

- Quarterly to submit to the Cabinet of Ministers of Azerbaijan Republic reference on the work done related to application in the pension system personal registration and information technologies, as well as timely delivery to the citizens pensions.

3. State Committee for Securities under the President of Azerbaijan Republic to define rules of use of the state securities, as well as bills of the credit and other organizations in payments of debts of the insurers who are legal entities, while abolishing, on their dues of compulsory state social insurance to the State Social Security Fund, to confirm the said rules in coordination with the State Fund for Social Security.

4. Cabinet of Ministers of Azerbaijan Republic on conclusions of each quarter to undertake on the base of information of State Social Security Fund of Azerbaijan republic related to the state-owned insurers, who admitted increase of debts on their dues of compulsory state social insurance.

5. To assign all the institutions and organizations irrespective of the form of property and organization-legal form to realize payment of dues of compulsory state social insurance together with the payment of labor.

6. The Law enters into force since 1 January 2004

Ilham Aliyev,

President of Azerbaijan Republic

City of Baku, 27 December 2003

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