RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of November 20, 2003 No. 1783

About measures for improvement of provision of pensions of citizens

The Cabinet of Ministers of Ukraine decides:

1. To the pension fund during appointment and recalculation of pensions according to the Law of Ukraine "About obligatory national pension insurance" to apply to determination of the average salary of the workers occupied in industries of national economy in month for which the coefficient of the salary (income), indicators determined by the State committee of statistics from 1958 for 2002 according to appendices 1 and 2 is calculated.

2. Agree with the offer of the State committee of statistics and the Pension fund concerning application during recalculation of pensions according to article 43 of the Law of Ukraine "About obligatory national pension insurance" indicator of the average salary for 2002 at the level 306, of the 45th hryvnia.

3. ceased to be valid

4. Increase by 12 percent the size of the work pensions (taking into account the target monetary assistance) appointed according to the Law of Ukraine "About provision of pensions" (except disability pensions owing to labor accident or occupational disease and pensions in connection with loss of the supporter for the same reasons), to persons who did not acquire the right to increase in the size of pensions after their recalculation according to article 43 of the Law of Ukraine "About obligatory national pension insurance".

To persons who acquired the right to increase in the size of pensions after their recalculation according to article 43 of the Law of Ukraine "About obligatory national pension insurance" the specified increase is performed for 12 percent at least.

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