MINIMUM PENSION LEVEL TO BE RAISED BY MNT40-50 THOUSAND

Ulaanbaatar /MONTSAME/ The hearing of process of amendments to trilateral labor and social agreement was held during today's Cabinet meeting and the Government approved a resolution on spending MNT161 billion for pension raise in 2018. Relevant ministers were charged to develop 2018 State Budget bill, so that starting the first day of 2018, minimum social insurance pension level is to be raised by MNT50 thousand, reaching MNT300 thousand, minimum level of pro rata pension is to be raised by MNT40 thousand, reaching MNT250 thousand and all pensions will be increased within MNT161 billion. B.Ooluun