Retirement pension to be raised by 7.6 percent from next month

Society
unurzul@montsame.mn
2019-01-16 15:43:17

Ulaanbaatar/MONTSAME/ During its regular meeting on January 16, the Cabinet made a decision to raise retirement pension and pension for those, who had worked in military service, from February 1. 

By raising the retirement pension by 7.6 percent, the minimum retirement pension will be MNT310 thousand and the minimum proportional pension (reduced pension) will be MNT269 thousand. Retirement pensions of over 408 thousand citizens will be raised by around MNT24-30 thousand, making the average pension to be MNT372 thousand.

Furthermore, monthly social welfare benefits which is granted to about 60 thousand people including single elders who do not receive retirement pension, disabled, half and full orphans will be increased from MNT155 thousand to MNT174 thousand. Disabled children under 16 who require permanent cares are given welfare benefits, in which 11 thousand children are involved.