Decision No. 187/2002/QD-TTg stipulates the salary and allowance system for officers and employees of the Vietnam Policy Bank according to different decrees. This decision applies from 2003.
Scope of application
Officers and employees of the Vietnam Policy Bank
Key points
- The General Director, Deputy General Director, and Chief Accountant are assigned salaries according to the salary scale for managerial positions in special-class enterprises.
- The Directors and Deputy Directors of branches are assigned salaries according to the salary scale for managerial positions in enterprises based on the actual class achieved by each branch. For the first three years of operation, the Ministry of Labor, War Invalids, and Social Affairs will temporarily apply the classification.
- Professional and technical staff are assigned salaries according to the salary scale for professional and technical staff serving in enterprises.
- The minimum wage increase coefficient for the Vietnam Policy Bank is applied like state-owned enterprises. In the first three years of operation (2003-2005), the minimum wage is paid at the average actual wage level implemented in 2002 for officers and employees of the Vietnam Agricultural and Rural Development Bank.
- The Prime Minister assigns the Ministry of Labor, War Invalids, and Social Affairs to guide the implementation of this decision.
🌐 Social impact of this document
- Positive impact: Improving working conditions for officers and employees of the Vietnam Policy Bank through the application of a new salary system.
- Negative impact: It may cause increased costs for the bank during the initial operational phase.
❓ Frequently asked questions
How are officers and employees of the Vietnam Policy Bank assigned salaries?
The General Director, Deputy General Director, and Chief Accountant are assigned salaries according to the salary scale for managerial positions in special-class enterprises. The Directors and Deputy Directors of branches are assigned salaries according to the salary scale for managerial positions in enterprises based on the actual class achieved by each branch. Professional and technical staff are assigned salaries according to the salary scale for professional and technical staff serving in enterprises.
What is the minimum wage increase coefficient for the Vietnam Policy Bank?
This decision does not specify a specific coefficient but only stipulates that it be applied like state-owned enterprises. In the first three years of operation (2003-2005), the minimum wage is paid at the average actual wage level implemented in 2002 for officers and employees of the Vietnam Agricultural and Rural Development Bank.
What is the duration of application of this Decision?
This decision takes effect from January 1, 2003, but does not specify a specific duration.
Who is responsible for guiding the implementation of this Decision?
The Ministry of Labor, War Invalids, and Social Affairs is responsible for guiding the implementation of this decision after consulting with the Ministry of Finance and the State Bank of Vietnam.
Which officers and employees are entitled to position allowances?
The General Director, Deputy General Director, and Chief Accountant are assigned salaries according to the salary scale for managerial positions in special-class enterprises. The Vice Chairman in charge of the Board of Directors is assigned a salary and entitled to position allowances equivalent to those of the Chairman of a special-class enterprise.
Full text
DECISION OF THE PRIME MINISTER
On salary and allowances for officials and employees
Social Policy Bank
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Decree No. 26/CP dated May 23, 1993 of the Government providing temporarily the new salary system in state-owned enterprises;
Pursuant to Decree No. 78/2002/NĐ-CP dated October 4, 2002 of the Government on credit for the poor and other policy beneficiaries;
At the proposal of the Minister of Labor, War Invalids and Social Affairs, the Minister of Finance, and the Governor of the State Bank of Vietnam,
DECISION:
Clause 4 of Article 6Apply the salary and allowance system provided for in Decree No. 26/CP dated May 23, 1993 of the Government providing temporarily the new salary system in state-owned enterprises to officials and employees of the Social Policy Bank as follows:
1. General Directors, Deputy General Directors, and Chief Accountants shall be classified according to the salary scale for managerial positions in special-grade state-owned enterprises.
2. Directors and Deputy Directors of branches shall be classified according to the salary scale for managerial positions in state-owned enterprises based on the actual grade achieved by each branch.
The Ministry of Labor, War Invalids and Social Affairs, after exchanging and reaching consensus with the Ministry of Finance and the State Bank of Vietnam, shall temporarily apply classification grades for branches during the first three years of operation.
3. Officials and employees in professional and technical positions shall be classified according to the salary scale for professional and technical staff in state-owned enterprises.
Article 2.
1. Members of the Board of Management shall apply the salary and allowance system provided for in Decision No. 83/1998/QĐ-TTg dated April 15, 1998 of the Prime Minister. The Vice Chairman in charge of the Board of Management shall be classified and entitled to allowances equivalent to those of the Chairman of a special-grade enterprise.
2. Members of the Advisory Board, Board of Representatives at all levels, grassroots-level officials, and other individuals working for the Social Policy Bank shall be entitled to remuneration and other benefits as prescribed by the Ministry of Finance.
Article 3. The Social Policy Bank may apply the minimum additional salary coefficient as prescribed for state-owned enterprises. Based on the mechanism, method, and effectiveness of operations of the Social Policy Bank, the Ministry of Labor, War Invalids and Social Affairs, after consulting with the Ministry of Finance, shall guide the conditions for applying the minimum additional salary coefficient and review the unit price of salaries for the Social Policy Bank.
During the first three years of operation (2003 - 2005), the Social Policy Bank is permitted to pay salaries to officials and employees at a minimum equal to the average actual salary paid in 2002 to officials and employees of the Vietnam Agricultural and Rural Development Bank.
Article 4. The Ministry of Labor, War Invalids and Social Affairs, after consulting with the Ministry of Finance and the State Bank of Vietnam, shall be responsible for guiding the implementation of this Decision.
Article 5.This Decision takes effect from January 1, 2003.
Article 6.Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision./.
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