Government raised pension of 21 thousand people

Politics
baljmaa@montsame.gov.mn
2019-12-30 15:25:45

Ulaanbaatar /MONTSAME/. The Cabinet held its regular session today, December 30, and made a decision to increase pension of some people, who qualified for early retirement depending on the number of raised children and years of employment, by MNT 50 thousand each. The government resolution is to take effect starting January 1, 2020. 


There are around 44 thousand citizens whose pension plan was determined between 1991-1994 and some 21.2 thousand of them are receiving their pension benefits from Social Insurance Fund. And 14.4 of them or 68 percent went on pension on the condition of raising many children and 3.8 thousand people or 18 percent went on pension after qualifying the required employment years. 


Taking the lower amount of pension allotted for the number of their working years into consideration, the government thus increased pension of 21.2 thousand people. 

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