Economy and Business : Salaries, pensions and state allowances to grow by 10% in 2009

Salaries, pensions and state allowances to grow by 10% in 2009

From January 1, 2009, the salaries of employees of establishments financed from the State Budget, self-supporting enterprises and public organizations will be increased by 10%. In addition, 10% increase is envisioned for labor pensions, pensions of the World War II veterans, state allowances and student fellowships.

As the Ashgabat correspondent of Turkmenistan.ru reports, Turkmen President Gurbanguly Berdimuhamedov signed the relevant decree during the extraordinary XXI session of Khalk Maslakhaty of Turkmenistan, September 26.

From 2009, the amount of average wage of employees of enterprises, establishments and organizations of all forms of ownership will make up no less than Turkmen Manat (TM) 2,720 thousand, the highest amount of labor pensions – TM 2,420 thousand. The pensions of World War II veterans will rise to TM 1,980,000 – TM 2,640,000 a month. The average salary in Turkmenistan to calculate the size of new pension will be TM 3,080 thousand. The baseline amount to calculate the low-limit pension and state allowance will be TM 550,000; the amount of labor pensions and state disability pension – 1%.

The Deputies Chairman of the Cabinet of Ministers, heads of administrations of provinces and Ashgabat city, and Chairman of the Supreme Control Chamber of Turkmenistan were entrusted to monitor the implementation of the decree.

As is known, the Turkmen president ordered the government to draft the document on average increase by 10% of wages, pensions and allowances from 2009 in July 2008. As Gurbanguly Berdimuhamedov said at the Cabinet of Ministers meeting, “good financial and economic indices of the first half of 2008, despite the performance shortcomings of some sectors and enterprises, created a basis for increasing the salaries and social payments”.

Posted: 27.9.08 || Overviews: 66