The law allows the establishment of “Golden parachutes” only those who have performed their powers on professional permanent basis and either reached retirement age or become disabled.
MOSCOW, 25 Dec. The Federation Council approved on Friday a law limiting “Golden parachutes” for regional officials, including governors, whose powers were terminated in connection with a violation of the law.
The document limits the cases where the Supreme official of constituent subject of the Russian Federation and persons holding public office of a subject of the Russian Federation, can be established social guarantees in connection with the termination of powers, including early.
The law allows for the establishment of such guarantees only to those who performed their powers on professional permanent basis and either reached retirement age or become disabled.
In providing such guarantees would be denied to the persons whose powers were terminated due to failure to observe the prohibitions, restrictions and obligations provided for by legislation of the Russian Federation.
This requirement applies to officials of both regional and municipal level.
