The Government of Mongolia Raises Pensions by Six Percent
During its regular session on December 18, 2024, the Cabinet of Mongolia discussed The Law on Pensions provided by the Social Insurance Fund of Mongolia (SIF). The law stipulates that "pension amounts shall be increased annually, starting January 1, 2025, based on the average annual inflation rate of the previous year." In compliance with this provision, the Government of Mongolia has issued a resolution to increase pension amounts and update the minimum pension thresholds.
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