Government Decree No. 29 / 1953 Coll.
Regulation on Railway Directors' Funds
Valid
Effective from 01.01.1953
29.
Government Regulation
of 7 April 1953
on the Railway Management Funds.
The Government of the Czechoslovak Republic, with the agreement of the President of the Republic pursuant to § 42 paragraph 1 of Act No. 241 / 1948 Coll., on the first five-year Economic Plan for the Development of the Czechoslovak Republic (Act on the Five-Year Plan):
(1) In order to increase the initiative and the responsibilities of railway chiefs, heads of the rail operators, in the case of the heads of other undertakings and railway operators (hereinafter referred to as "units") and to encourage the material interest of employees in the implementation of the plans, the Management Fund (hereinafter referred to as "the Fund") shall be set up with the heads of those units, provided that they operate in accordance with the principles of rust-up or separate balance.
(2) The list of units in which the Fund is set up shall be issued by the Ministry of Railways in agreement with the Ministry of Finance.
(1) The share of the profit achieved under the transport or production plan or the units where the profit is not planned or where the loss is planned shall be the share of the planned savings achieved by reducing own costs of 1 1 / 2%.
(2) In addition, where the units exceed the profit or loss plan or the own-cost reduction plan, the contribution to the fund shall be transferred to an aggregate overpaid profit or the excess-cost savings achieved by reducing their own costs of 25%.
(3) The Fund will also receive a remuneration from the overpayment of its own funds (Turnover Funds) in accordance with the terms and conditions laid down by the Finance Minister by the Specific Directives.
(4) The total annual aggregate share of the fund shall not exceed 5% of the annual wage fund of the employees of the units to whom it has been allocated, converted into a percentage of the actual volume of rail work or of the undertaking.
(5) The condition for granting the share is that the units perform or exceed the transport plan in the specified performance indicators, the production plan, the own cost reduction plan and the profit plan achieved in the implementation of transport or production.
(6) In determining the share of the fund held by the head of the railway, the amounts to be included in the funds held by the heads of subordinate units shall be deducted from the aggregate amount of profit or savings transferred to that fund. If profit and savings are not achieved on the runway as a whole, a fund shall be created by which the heads of subordinate units possess the profits and savings of those units.
In determining the amount of the excess profit or the excess savings achieved by reducing its own costs, those profits or savings shall not be taken into account for those amounts which result from causes which are not dependent on the unit's production activity.
(1) At the end of each quarter, an advance share shall be transferred to the Fund on the basis of the unit's balance sheet of 50% of the amount calculated in accordance with Section 2, according to the aggregate results achieved since the beginning of the year.
(2) The final amount of the share transferred to the Fund is determined on the basis of the approved annual balance sheet.
(1) The Fund's resources are used by the unit chief:
(a) to expand the operation or production, to build and repair the unit's housing and technical improvement of transport or production (small mechanisation, implementation of improvement proposals, etc.) and beyond planned investments, at the rate of 40% of the Fund;
(b) to improve the cultural and social care of the unit's personnel (for the expansion of non-industrial economies, for the establishment of children's facilities, canteens, clubhouses, for the purchase of inventory for such facilities, for physical purposes and such as); to pay individual fees to workers for excellent work, to pay workers' recreation vouchers and to pay one-off assistance to the employees of the unit.
(2) Expenditure relating to the Fund may be effected only at the rate of the amounts actually entered in the Fund. The disbursement of amounts which are expected to be transferred to the Fund in the future is prohibited.
(3) The budget of the Fund shall be approved by the head of the unit after consultation with the competent authority of the Single Trade Union Organisation. The use of the Fund's funds, in particular the purpose and amount of the amounts spent, shall be made known to all the working units.
The Ministry of Finance is responsible for checking the disbursement of the fixed amounts to the Fund and issuing them in units. The right of the Ministry of Railways to carry out this check and its responsibility for it shall remain unaffected.
The Minister of Finance is hereby authorised to:
(a) identify the additional units for which the Fund may be set up;
(b) decide in doubt which units are subject to the provisions of this Regulation.
The Ministry of Finance shall, in agreement with the Ministry of Railways and a unified trade union organisation, issue detailed directives for the implementation of this Regulation.
The units for which the Fund was set up shall not be subject to the provisions of Decree No. 104 / 1945 Coll., on Racial and Business Councils, as amended by Act No. 188 / 1948 Coll., where it provides for an obligation to pay the individual fund of workers a share of the net profit.
All provisions contrary to this Regulation shall be repealed.
This Regulation shall enter into force on 1 January 1953; they shall be carried out by the Minister of Finance in agreement with the Minister of Railways.
Zaporocký v. r.
Broad v. r.
Cable v. r.
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Regulation Information
| Citation | Government Decree No. 29 / 1953 Coll., on Railway Directors |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.05.1953 |
|---|---|
| Effective from | 01.01.1953 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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