Ulaanbaatar
Regulations on Establishing Senior's Fund approved
Society
Ulaanbaatar /MONTSAME/ During the Cabinet's regular session on July 4, “Regulations on Establishing Seniors’ Fund” was approved.
The Seniors’ Fund will provide additional pension, fuel and support on finding jobs, running businesses, finding accommodations, paying respect on national holidays such as Lunar New Year, building and repairing houses, granting monetary aid for treatment and medicines, organizing cultural and sports event for both retired and working elders.
Considering the suggestions of the Senior’s Union and Council, the regulations state private entities and state-owned companies to create Senior's Fund using up to 3 percent of the Salary Fund.
The Seniors’ Fund will provide additional pension, fuel and support on finding jobs, running businesses, finding accommodations, paying respect on national holidays such as Lunar New Year, building and repairing houses, granting monetary aid for treatment and medicines, organizing cultural and sports event for both retired and working elders.
Considering the suggestions of the Senior’s Union and Council, the regulations state private entities and state-owned companies to create Senior's Fund using up to 3 percent of the Salary Fund.
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