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Social insurance payments conducted by Kumtor for its expat employees in accordance with Kyrgyz legislation - Kumtor Gold Company
Kyrgyzstan | business | 16:15, 25 February 2014 | 874

AKIPRESS.COM - Kumtor logo Kumtor expat employees are required to make social security payments, Head of the Social Fund of Kyrgyzstan Mukhammedkaly Abulgaziyev said on February 20 at the plenary session of the Parliament.

He remarked that under existing law all foreigners are required to make payments to the Social Fund. “However, only Kyrgyz employees are required to make such payments according to the Kumtor agreement of 2009,” Mr. Abulgaziyev added.

He has raised several times the issue of Kumtor expat employees’ payments to the Social Fund.

Social insurance payments are conducted by Kumtor Gold Company for its expat employees entirely in accordance with requirements of the Kyrgyz legislation of State Social Insurance, the company commented the statements of the Social Fund's Head on February 25.

Based on the laws on state social insurance, on investment in Kyrgyzstan, on concessions and concession-based operations, as well as on the agreement on new terms from 2009, signed by the Kyrgyz Government and approved by the Parliament, Kumtor Gold Company is required to make social insurance payments only for Kyrgyz citizens or stateless persons, and has a right to pay social insurance and social security payment for expat employees to relevant funds of their foreign countries.

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