Улаанбаатар
Salary and pension to be increased in 2020
Society
Ulaanbaatar
/MONTSAME/ On April 3, the National Tripartite Agreement on Labour and Social
Consensus for 2019-2020 was signed by Minister of Labour and Social Protection
S.Chinzorig on behalf of the Government, President of the Confederation of
Mongolian Trade Unions (CMTU) Kh.Amgalanbaatar on behalf of Trade Unions, and Chairman of the Mongolian
National Chamber of Commerce and Industry O.Amartuvshin on behalf of employers.
The agreement
comprises of six chapters and 51 articles aimed at developing the legal
environment for employment, creating jobs, giving a pay raise to public servants in 2020, and enhancing social protection. Specifically, Minister S.Chinzorig
stated that it was tentatively decided to increase the salary of public
servants and pensions from January 1, 2020. “The National Tripartite Committee on Labour and Social
Consensus will make the final decision on the pay raise rate based on 2020
inflation forecast at its next meeting prior to the approval of 2020 Budget”,
added the Minister.
The sides
also emphasized the tripartite agreement for 2017-2018 showed a successful
result with 27.5 percent rise in pay which has been frozen since 2014, 16 percent
increase in household income, and three percent decrease in unemployment.
