LAW OF THE REPUBLIC OF BELARUS

of January 5, 2008 No. 322-Z

About professional pension insurance

Accepted by the House of Representatives on December 12, 2007

Approved by Council of the Republic on December 20, 2007

This Law is aimed at providing legal, economic and organizational basis of compulsory national pension insurance of the workers occupied in special working conditions and separate types of professional activity.

Chapter 1. General provisions

Article 1. The main terms used in this Law and their determinations

1. For the purposes of this Law the following main terms and their determinations are used:

1.1. professional pension insurance - system of the relations established by the state consisting in forming of funds at the expense of the fees for professional pension insurance paid by employers for the workers occupied in special working conditions and separate types of professional activity (further - special working conditions), and use of these means for pension payment in connection with special working conditions;

1.2. subjects of professional pension insurance - the insurer, the insurer, insured person;

1.3. the insurer - the legal entity performing activities for professional pension insurance according to this Law;

1.4. the insurer - the employer from among legal entities, their representations and branches which according to accounting policy of these legal entities perform conducting financial accounting with determination of financial result on their activities and for which for making of transactions by the legal entity the current (settlement) bank account with provision of the right to dispose of money on this account to officials of these representations and branches, representations of the foreign legal entities and other organizations registered in accordance with the established procedure in foreign state, and branches of foreign legal entities, employing in special working conditions according to employment contracts, paying fees on professional pension insurance is opened;

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