of August 2, 2004 No. 103
About Social fund of the Kyrgyz Republic
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on May 27, 2004
This Law establishes legal and economic basis of the organization and activities of Social fund of the Kyrgyz Republic, determines its legal status, the rights and obligations, and also bases of regulation of its relations with legal entities and physical persons, state bodies.
The social fund of the Kyrgyz Republic (further - Social fund) is the executive body of system of the national social insurance and provision of pensions in the Kyrgyz Republic pursuing state policy and exercising control in the field of the national social insurance and provision of pensions, operating on the principles of self-government.
The social fund performs the activities according to the Constitution of the Kyrgyz Republic, this Law, regulatory legal acts of the Kyrgyz Republic, solutions of the Supervisory board for management of the national social insurance.
The social fund is legal entity, has seal with the name and the image of the State Emblem of the Kyrgyz Republic. The social fund has regional bodies and subordinated organizations in the territory of the Kyrgyz Republic.
Tasks of Social fund are:
- development and realization of coordinated policy in the field of the national social insurance and provision of pensions;
- providing the right of insured persons to the national social insurance according to the legislation of the Kyrgyz Republic in the field of the national social insurance;
- ensuring financial stability of system of the national social insurance within competence of Social fund.
The social fund performs the following functions:
- accounting of the legal entities and physical persons performing the activities in the territory of the Kyrgyz Republic, maintaining databank on all categories of payers of insurance premiums;
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