Decision No. 111/2001/QD-TTg on the salary system for the Securities Trading Center

DECISION

On the salary system for the Securities Trading Center

PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to Decree No. 25/CP dated May 23, 1993 stipulating temporarily the new salary system for civil servants, administrative and public service officials, and armed forces personnel;

Considering the proposal of the Minister of Finance,

DECISION:

Article 1. Permitting the Securities Trading Center under the State Securities Commission to apply the salary system for a period of three years, starting from January 1, 2001, as follows:

1. The salary grade and level of cadres and staff shall be implemented according to the salary grade and level of civil servants prescribed in Decree No. 25/CP dated May 23, 1993 of the Government.

2. Applying the state-owned enterprise salary system with an additional minimum wage adjustment factor of 1.3 times.

3. The bonus and welfare fund shall be equivalent to three months' actual salary.

Article 2. The source of funds for the items specified in Article 1 of this Decision shall be as follows:

1. The State budget shall provide funding equal to twice the actual salary fund calculated based on the salary grade and level.

2. The business revenue of the Securities Trading Center.

The State Securities Commission is responsible for regulating business revenue to ensure income levels among Securities Trading Centers. In cases where regulated business revenue is insufficient, the Ministry of Finance shall determine specifically for the State budget to support the shortfall.

Article 3. THIS DECISION SHALL TAKE EFFECT 15 DAYS AFTER THE DATE OF SIGNATURE.

Article 4. The Minister of Finance, the Minister, Director of the Civil Service Committee of the Government, the Minister of Labor, Invalids and Social Affairs, and the Chairman of the State Securities Commission are responsible for implementing this Decision.