Pension Sharing Legislation goes to Parliament for discussion - News.MN

Pension Sharing Legislation goes to Parliament for discussion

Old News! Published on: 2014.04.18

Pension Sharing Legislation goes to Parliament for discussion

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During the discussion around the Pension Sharing Legislation in Parliament, the Mongolian People’s Party (MPP) caucus took a break. Due to the break by the caucus, the majority of parliament members voted to discuss the legislation in Parliament.

The Pension Sharing Legislation allows a person who is the legal spouse or common-law partner of a deceased contributor of social insurance to be paid the pension after their spouses’ death, in the case that both halves of the couple should have paid social insurance for at least 20 years uninterruptedly and have been married for at least 10 years. The bill initiators also proposed several versions where the pension sharing could be at 50, 70 or 100 percent.

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