of April 28, 2000 No. 605
About approval of the Regulations on reserve fund of the salary
In pursuance of Article 76 of the Labor code of the Republic of Belarus the Council of Ministers of the Republic of Belarus decides:
1. Approve the enclosed Regulations on reserve fund of the salary.
2. To the organizations, irrespective of patterns of ownership, to individual entrepreneurs to create reserve funds of the salary.
3. Declare invalid the resolution of Council of Ministers of the Republic of Belarus of February 6, 1992 No. 62 "About approval of the Standard regulations on reserve fund of compensation" (the joint venture of the Republic of Belarus, 1992, No. 4, the Art. 59).
Prime Minister of the Republic of Belarus
V. Yermoshin
Approved by the Resolution of Council of Ministers of the Republic of Belarus of April 28, 2000 No. 605
This Provision is developed based on Article 76 of the Labor code of the Republic of Belarus and determines the size, the bases, procedure for creation and use of reserve fund of the salary.
1. The reserve fund of the salary (further – reserve fund) is created for ensuring payments of the salary which is due to workers, and also stipulated by the legislation, collective and labor by agreements of warranty and compensation payments in case of recognition of the employer insolvent or the bankrupt, liquidations of the organization, the termination of activities of branch, representation or other separate division of the organization located in other area, the terminations of activities of the individual entrepreneur and in other stipulated by the legislation cases.
2. The reserve fund is created in the organizations and at individual entrepreneurs.
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