On Tuesday, the Standing Committee on Security and Foreign Policy discussed a proposed social welfare agreement between Mongolia and Hungary. Members approved further discussion.

The agreement would allow Mongolians who worked in Hungary to receive credit toward their pensions, in addition to any time they worked in Mongolia. For example, a person who worked eight years in Mongolia and 12 years in Hungary would be credited with 20 years of employment for his or her pension in Mongolia.

The agreement would be reciprocal, so Hungarians who worked in Mongolia would receive credit toward their pensions in Hungary.

One possible sticking point: Mongolian law requires workers and employers to pay 10 percent each for a social insurance tax, while workers are deducted 14 percent for pensions and six percent for health insurance. But in Hungary the social insurance tax is 44 percent.

Members decided to submit the draft agreement to Parliament.