|
2. Extra-budgetary Pension Fund under the Ministry of Finance of the
Republic of Uzbekistan.
The extra-budgetary Pension Fund under the Ministry of Finance of the
Republic of Uzbekistan accumulates targeted financial resources allocated for the
implementation of state guarantees in the social security system.
The purpose of the Pension Fund is to implement state guarantees in the social
security system by accumulating funds from mandatory contributions, contributions
and other payments, as well as strengthening control over the targeted and efficient
spending of funds for the payment of pensions, benefits and compensations.
The main tasks of the Pension Fund are:
- realization of the rights of citizens guaranteed by the state to social security
and social insurance;
- further improvement of pension provision in the republic;
- accumulation in a centralized manner on a special off-budget account of the
Fund of mandatory contributions, contributions and other payments;
- financing of expenses for the payment of pensions, benefits and
compensations;
- ensuring control over the targeted and effective spending of the Fund;
- organization of reproduction of the Fund's assets;
- implementation of international relations, study and use of foreign experience
in the field of state social insurance.
The supreme governing body of the Pension Fund is the Fund Management
Council, whose composition is approved by the Cabinet of Ministers of the Republic
of Uzbekistan. Meetings of the Fund Management Board are held at least once every
six months.
The working body of the Pension Fund Management Council is the Executive
Directorate of the Fund.
The Fund's income is generated from the following sources:
a) mandatory contributions and contributions:
- the established amount of the unified social payment receipts from the payroll
of legal entities, regardless of the form of ownership;
- social insurance contributions from individual legal entities;
- contributions to social insurance of individuals engaged in entrepreneurial
activities without forming a legal entity;
- insurance contributions of citizens from wages;
- deductions of enterprises, institutions and organizations from the volume of
12
sales of goods (works, services), net of VAT and excise tax, for utilities also minus
the volume of the purchase price of heat energy, water and natural gas,
corresponding to the specifics of the activity. At the same time, the sale of long-term
assets and other property of own use is not included in the subject of taxation by
compulsory contributions;
b) other payments:
- 85% of funds reimbursed by employers and citizens on recourse claims
(claims) presented to pay the costs of paying disability pensions from work injury
or occupational disease, assigned in accordance with Article 15 of the Law of the
Republic of Uzbekistan "On State Pension Provisions for Citizens";
- funds of the Employment Promotion Fund of the Ministry of Labor and Social
Protection of the Population of the Republic of Uzbekistan, contributed to cover the
costs of paying old-age pensions, early assigned in accordance with Article 14 of the
Law of the Republic of Uzbekistan "On State Pension Provision of Citizens";
- funds of enterprises, institutions and organizations contributed to cover the
costs of paying preferential pensions assigned in accordance with Article 12 of the
Law of the Republic of Uzbekistan "On State Pension Provision of Citizens";
- insurance premiums of members of dekhkan farms, paid on a voluntary basis;
- part of the amounts of accrued fines, except for those levied in accordance
with the legislation to the Development Fund of tax authorities and penalties for late
payment of mandatory contributions, contributions and other payments;
- amounts for the payment of compensation for damage caused to an employee
by injury, occupational disease or other damage to health associated with the
performance of his job duties, in the event of liquidation of an enterprise,
reorganization or liquidation of an agricultural cooperative (shirkat), farm and
dekhkan economy;
- other sources not prohibited by law, including funds of voluntary
contributions, foreign investments and loans.
The funds of the Fund are spent to pay:
Payouts:
a) non-working citizens:
- pensions assigned by social security departments;
- benefits for the elderly and disabled citizens who do not have the right to state
pensions;
- other compensation payments financed from the Fund in accordance with the
legislation;
b) working citizens:
- pensions assigned by social security departments;
- benefits for pregnancy and childbirth;
- benefits for the birth of a child;
- grants for burial;
- payment of an additional day off per month to one of the parents (guardian,
trustee) of a disabled child under the age of 16;
- other compensation payments financed from the Fund in accordance with the
13
legislation.
The bulk of the revenues of The extra-budgetary Pension Fund are receipts
from the unified social payment from the wage fund, receipts from compulsory
deductions from the volume of sales of goods (works, services) and receipts from
compulsory insurance contributions of citizens from wages.
These are the main sources and directions of using the funds of The extra-
budgetary Pension Fund under the Ministry of Finance of the Republic of
Uzbekistan.
Do'stlaringiz bilan baham: |
