Longevity grant to be issued twice a year

Ulaanbaatar /MONTSAME/ In compliance with the newly adopted Law on Social Protection for Elderly which came into effect on January 1, elder people will receive ‘Longevity grant’ twice a year. In specific, elders aged above 65 are legally entitled to benefit from the grant on national holidays, Lunar New Year, which falls at the end of winter and Naadam Festival, which takes place in July. At present, there are 121 thousand elders who fall into the age category. The Law facilitates that elders of age range 65-69 will receive MNT 50 thousand, 70-79 will receive MNT 80 thousand, 80-89 will receive MNT 150 thousand and those aged above 90 will receive MNT 250 thousand.