LAW OF TURKMENISTAN

of August 18, 2015 No. 280-V

About introduction of amendments to the Law of Turkmenistan "About the national pension insurance"

I. Bring in the Law of Turkmenistan "About the national pension insurance", adopted on March 31, 2012 (Sheets of Majlis of Turkmenistan, 2012, No. 1, Art. 38; 2013, No. 4, Art. 91, 2014, No. 3, Art. 113), following changes:

1. To state Item of 1 part one of Article 1 in the following edition:

"1) the national pension insurance – system of the legal, economic and organizational measures directed to social protection of citizens on reaching them retirement age in case of approach of disability, loss of the supporter, temporary disability;".

2. The second Article 8 to state part in the following edition:

"2. Insured event for the purposes of this Law are recognized achievement of the retirement age established by the legislation of Turkmenistan, disability approach, loss of the supporter and in the cases established by the legislation of Turkmenistan, temporary disability.".

3. 2 parts one of Article 16 to state Item in the following edition:

"2) on social, including provision of pensions in case of loss occurrence;".

4. The second Article 35 to state part in the following edition:

"2. Budget funds of the Pension fund of Turkmenistan have purpose and go on social, including provision of pensions of insured persons in case of loss occurrence, for forming of reserves

The pension fund of Turkmenistan, other purposes connected with social protection of the population and on financing of management expenses the pension system according to the legislation of Turkmenistan.".

II. This Law becomes effective since January 1, 2016.

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