RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of August 14, 2006 No. 8012

About enhancement of system of pension insurance

Due to the adoption of law of Turkmenistan "About pensions" in the new edition and for the purpose of enhancement of the organization and accounting of pension accruals and their investment I decide:

1. Approve enclosed:

Regulations on the organization and conducting the personified accounting on pension insurance;

Procedure and conditions of investment of pension accruals.

2. To the Ministry of Social Welfare of Turkmenistan to form in central office of the Ministry management on pension accruals, within the number of staff of workers established on central office of the Ministry and to approve Regulations on it.

3. Recognize invalid:

Items 1, 3, 4, 5, 7, the paragraph third Item 11, Item 13, paragraphs two, third, the fourth, the fifth, the seventh, eighth and tenth Item 14 of the resolution of the President of Turkmenistan from 21 Gorkut of 1998 No. 3781 "About measures for enhancement of provision of pensions in Turkmenistan" (Collection of acts of the President of Turkmenistan and decisions of the Government of Turkmenistan, 1998, No. 7, the Art. 4691);

the resolution of the President of Turkmenistan from 14 Nowruz of 2002 No. 5567 "About some questions of provision of pensions in Turkmenistan" (Collection of acts of the President of Turkmenistan and decisions of the government of Turkmenistan, 2002, No. 3, the Art. 119);

the paragraph third Item 1 of the resolution of the President of Turkmenistan from 27 Turkmenbashi of 2006 No. 7744 "About measures for enhancement of social security system in Turkmenistan" (Collection of acts of the President of Turkmenistan and decisions of the Government of Turkmenistan, 2006, No. 1, the Art. 25).

Approved by the resolution of the President of Turkmenistan of August 14, 2006 No. 8012

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