Presidential Order increasing Pension and Occupational Hazard Benefits Granted by Rwanda Social Security Board

Citation
Presidential Order 69 of 2018
Date
16 April 2018
Language
English
Type
Legislation
Rwanda

Presidential Order increasing Pension and Occupational Hazard Benefits Granted by Rwanda Social Security Board

Presidential Order 69 of 2018

We, KAGAME Paul,President of the Republic;Pursuant to the Constitution of the Republic of Rwanda of 2003 revised in 2015, especially in Articles 112, 120, 122 and 176;Pursuant to the Decree Law of 22 August 1974 organizing social security as modified and complemented to date, especially in Article 41;Pursuant to Law n° 05/2015 of 30/03/2015 governing the organization of pension schemes, especially in Article 16;Having reviewed the Presidential Order n° 36/01 of 08/04/2002 increasing pension and occupational hazards benefits provided by Social Security Fund of Rwanda.On proposal by the Minister of Finance and Economic Planning;After consideration and adoption by the Cabinet, in its session of 14/02/2018;HAVE ORDERED AND ORDER:

Article One – Purpose of this Order

This Order increases pension and occupational hazard benefits granted by Rwanda Social Security Board.

Article 2 – Minimum pension and occupational hazard benefits

Pension and occupational hazard benefits granted to the insured person cannot be less than thirteen thousand Rwandan francs (FRW 13,000) per month.

Article 3 – Formula for calculating the increase

Pensions and occupational hazard benefits are increased according to the following formula: the highest pension or occupational hazards benefits which is granted to the insured person in the previous category after the increase, plus the benefits which was granted to beneficiary before the increase, minus the highest benefit which was paid in the preceding category before the increase, multiplied by the percentage increase of the beneficiary’s category in accordance with article 4 of this order.

Article 4 – Percentage increase

Pension and occupational hazards benefits are increased as follows:1°149.8% to 101.04% for the benefits between five thousand two hundred and one Rwandan francs (FRW 5,201) and ten thousand Rwandan francs (FRW 10,000) per month;2°100.9% to 63.02% for the benefits between ten thousand and one Rwandan francs (FRW 10,001) and twenty thousand Rwandan francs (FRW 20,000) per month;3°63% to 34.22% for the benefits between twenty thousand and one Rwandan francs (FRW 20,001) and fifty thousand Rwandan francs (FRW 50,000) per month;4°34.2% to 22.1% for the benefits between fifty thousand and one Rwandan francs (FRW 50,001) and one hundred thousand Rwandan francs (FRW 100,000) per month;5°22.08% to 13.56% for the benefits between one hundred thousand and one Rwandan francs (FRW 100,001) and two hundred thousand Rwandan francs (FRW 200,000) per month;6°13.54% to 5.74% for the benefits between two hundred thousand and one Rwandan francs (FRW 200,001) and five hundred thousand Rwandan francs (FRW 500,000) per month;7°5.74% to 0.504% for the benefits between five hundred thousand and one Rwandan francs (FRW 500,001) and one million Rwandan francs (FRW 1,000,000) per month.Those who have been benefiting pension and occupational hazard benefits which are above one million Rwandan francs (FRW 1,000,000) are entitled to an increase between 0.502% and 0.071% on what they have been benefiting.

Article 5 – Lump sum benefit

In case of a lump sum benefit, the average monthly salary based on when computing benefits shall not be less than the minimum amount mentioned in Article 2 of this Order.

Article 6 – Authorities responsible for the implementation of this Order

The Prime Minister and the Minister of Finance and Economic Planning are entrusted with the implementation of this Order

Article 7 – Repealing provision

Presidential Order n° 36/01 of 08/04/2002 increasing pension and occupational hazards benefits provided by Social Security Fund of Rwanda and all prior provisions contrary to this Order are repealed.

Article 8 – Commencement

This Order comes into force on the date of its publication in the Official Gazette of the Republic of Rwanda.
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History of this document

16 April 2018 this version
Commenced
13 April 2018
Assented to