Ulaanbaatar
Parliament might consider increasing herders' pensions
PoliticsUlaanbaatar /MONTSAME/ Draft amendments to Law on Pensions and Benefits Provided by the Fund of Social Insurance was submitted by D.Battsogt MP on November 6.
According to the future perspectives of the population aging, average life expectancy has lengthened and the number of seniors has increased, resulting in increased expenditure of pension fund. Moreover, the households put more load on their shoulders, in terms of finance, as they have to take charge for their elderly members.
Rather than lowering the retirement age for livestock herders, increasing the pension amount basing on an estimation extending their premium paying years, on the account of their difficult working conditions, such as harsh weather and unscheduled events and work-shifts and many other factors. This estimation is used upon designating the pension amounts for diplomats, military servicemen, police officers and forensic analysts.
The bill initiator considered that increasing the pensions for herders will raise their interest to be subjects to superannuation insurance, helping to increase the revenue of social insurance fund.
