LAW OF THE KYRGYZ REPUBLIC

of June 21, 2011 No. 50

About entering of amendment and changes into the Law of the Kyrgyz Republic "About Social fund of the Kyrgyz Republic"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on May 27, 2011

Article 1. Bring in the Law of the Kyrgyz Republic "About Social fund of the Kyrgyz Republic" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2004, No. 11, the Art. 510) the following amendments and changes:

1. To add part 1 of Article 3 with the paragraph the thirteenth the following content:

"-place means of pension accruals in the assets permitted by the legislation of the Kyrgyz Republic;".

2. In Article 9:

state part 6 in the following edition:

"The chairman of Social fund represents for approval to the Government of the Kyrgyz Republic board of Social fund in number of seven people taking into account representation no more than seventy percent of same-gender persons. The board is joined by the chairman, his deputies and other ranking officers of Social fund.";

state part 10 in the following edition:

"The chairman of Social fund is appointed and dismissed by the Prime Minister of the Kyrgyz Republic. Deputies are appointed and dismissed by the Prime Minister of the Kyrgyz Republic on representation of the chairman of Social fund.";

recognize part 11 invalid.

Article 2. This Law becomes effective from the date of official publication.

To the government of the Kyrgyz Republic to bring the decisions into accord with this Law and to provide acceptance of the regulatory legal acts following from this Law.

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