Ulaanbaatar
New social insurance regulations to encourage youth to become herders
PoliticsUlaanbaatar /MONTSAME/ On Friday, the head of Standing Committee on social policy, education, culture and sciences D.Battsogt MP gave more information on the amendments made to the law on pensions and benefits from the Social Insurance Fund, at a press conference.
"As of 2014, only 11 percent out of 293.6 thousand herders are paying social insurance voluntarily, a total of 59.1 thousand herders receive pensions, of whom 45.9 thousand are provided with superannuation, 8.0 thousand–with disability benefits, and 5.2 thousand–with pensions in respect of the loss of the breadwinner," he said.
Livestock herders live and work in conditions that greatly depend on weather and grazing lands in four seasons of a year. "This leads to their poor health, earlier loss of work ability and lower income, this is why it is suitable for herders to be allowed superannuation estimated by same methods as in superannuation for diplomats, military personnel, police and forensic specialists," he said. D.Battsogt also emphasized that encouraging more herders to pay social insurance and then receive pensions will be a major step addressing the obstacles facing the livestock industry, which constitutes 15 percent of GDP, more than 10 percent of export income, and 30 percent of economically active population.
It is also expected to give an impetus to encouraging younger generations to become herders, added the MP.
The law will take effect on January 1 of 2017.
