Ulaanbaatar
Two bills concerning herders approved
PoliticsUlaanbaatar /MONTSAME/ During its session on February 2, Parliament held a final discussion and approved two bills submitted by Member of Parliament S.Chinzorig.
The first revised bill on Pensions and Benefits allotted from social insurance fund was formulated in compliance with Mongolian People’s Party’s action plan for the 2016 Elections, including provisions such as ‘maternity benefit will be calculated regardless of the type of insurance’, ‘legal environment will be created for no discontinuation of social insurance fee for mothers on maternity leave for up to three years’, ‘mothers’ working years will be added by 1.6 year per child’, and ‘retirement age of herders will be advanced by 5 years’. In other words, these provisions have been legalized.
In accordance with the law, male herders who worked for 20 years, 15 years of which were spent on animal husbandry will retire at the age 55, and female herders who worked for 20 years, 12 years and 6 months of which were spent on animal husbandry will retire at the age 50.
The current law allows herders to retire at the ages 60 and 55. The newly adopted law will come into effect on January 1, 2018.
The second bill allows herders and self-employed citizens to deposit pension insurance fees they weren’t able to deposit between 1995 and 2000.
In 2012, an act concerning work years and pension insurance fee was adopted, and legalized that the time period between 1990-1995 would be counted as work years for those who weren’t and weren’t able to be employed during that time, and also that pension insurance fees of the time period 1995-2000 can be deposited. However, it was seen that herders weren’t fully included in this service, therefore, Member of Parliament S.Chinzorig submitted this bill to the Parliament.
With adoption of the law, about 491 thousand people can deposit their pension insurance fees they couldn’t deposit between 1995 and 2000; and if all herders and self-employed citizens submit their fees, MNT 566.4 billion can be collected to social insurance fund. The law will take effect on January 1, 2018.
