Pension raise approved by the Government resolution No 52 to be issued starting February 1st of 2015 is to be in effect starting March this year.
Accroding to the pension increase resolution 345 thousand citizens will receive the raise in accordance with Social Welfare Funded Pensions Law, Allowance for Industrial Injuries and Diseases Law and Military Service Allowance law. The raise is evaluated to be MNT 22,000 for pensions up to MNT 500,000 and MNT 20,000 for pensions over MNT 500,000.
MNT 94.6 billion is to be used from the Social Welfare Funds to finance the pension raise and the average pension is estimated to be increased by MNT 26,000 and reach MNT 283,000.
Pension raise approved by the Government resolution No 52 to be issued starting February 1st of 2015 is to be in effect starting March this year.
Accroding to the pension increase resolution 345 thousand citizens will receive the raise in accordance with Social Welfare Funded Pensions Law, Allowance for Industrial Injuries and Diseases Law and Military Service Allowance law. The raise is evaluated to be MNT 22,000 for pensions up to MNT 500,000 and MNT 20,000 for pensions over MNT 500,000.
MNT 94.6 billion is to be used from the Social Welfare Funds to finance the pension raise and the average pension is estimated to be increased by MNT 26,000 and reach MNT 283,000.