Elders allowed to get pension in advance without interest

Politics
Ooluun.B
ooluun@montsame.mn
2017-03-10 16:11:54

Ulaanbaatar /MONTSAME/ “Regulation on delivering pension in advance” approved by an order of the General Authority of Health and Social Insurance chairman has taken effect.

Aimed at satisfying elders’ need, the regulation enables elders to receive 50 per cent of their three months pension in advance without paying any interest or fee, just applying to relevant banks. Commercial banks used to get interest for giving pension in advance.

Now pensioners, who want their pension in advance, should have no pension- guaranteed loans.

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