The Deputy proposed to link the salaries of the heads of state corporations and the Russian President

Member of state Duma Committee on industry Vasily Shvetsov (fraction “Fair Russia”) has submitted to the lower cost of Parliament a bill placing the salary of Ministers, officials and top managers of state corporations in dependence of the salary of the President of Russia.

According to the document, published on the website of the Automated system of ensuring legislative activity, the bill for the salaries of the heads of ministries and departments, managers and employees of state extra-budgetary funds, state or municipal institutions, state or municipal unitary enterprises, state corporations, state companies and economic societies, more than 50% of the shares in the share capital of which is in state or municipal ownership.

The Deputy Shvetsov believes that the ultimate wages of these persons should not exceed percentage relationship to the ultimate level of salary of the President of Russia. So, the salary of the Prime Minister should not be higher than 90% of the salary of the President, the salaries of Ministers, heads of administrations of the President, Prime Minister and heads of regions above 80%. As for the heads of state extra-budgetary funds, state or municipal institutions, state or municipal unitary enterprises, state corporations, state companies and economic societies, more than 50% of shares (stakes) in the authorized capital of which is state or municipal property, Shvetsov believes that they need to pay salaries of 70 per cent of the maximum salary level of the President.

In this case the wages of other officials holding state positions of the Russian Federation, and employees of state corporations, state companies and economic societies, more than 50% of shares (stakes) in the authorized capital of which is in state or municipal ownership may not exceed ceilings established for their managers, according to the draft law.

The adoption of the bill by its author explained that the current legislation does not stipulate the issues of the ratio or limit the salaries of corporate executives that, in his opinion, “leads to a differentiated approach to pay and creates an unfair advantage for this category of persons”.