STATE SERVANTS HAVE 23 PERCENT PAY RISE
Ulaanbaatar, Mongolia /MONTSAME/ The cabinet announced on Tuesday that salaries of the state servants increased 23 per cent from May 1.
It is the second phase of the government's aim to make a pay rise and increase pensions in frames of the 2008-2012 action plan. In the first phase, there was a MNT 80,000 increase from February 1 of 2012.
From May 1 of 2012, average pension has reached MNT 222,900, increasing from 165 thous. This an increase of 75 per cent against the end of 2011, of 35 per cent against April 1 of 2012, and of 2.3 times against 2008.
By 40 percent, or 63 thous., is increasing the pension of those 193 thous., or 64 per cent, who had their pensions fixed before the year 1995, and by 28 percent, or 49 thous., of those with the money fixed after 1995.
In view of increase of minimum level of livelihood, the government plans to fix newly the minimum at MNT 180,300, and the minimum level of per cent balanced pension at MNT 145,200.
B.Khuder
It is the second phase of the government's aim to make a pay rise and increase pensions in frames of the 2008-2012 action plan. In the first phase, there was a MNT 80,000 increase from February 1 of 2012.
Thus salariesa went up by 53 per cent in overall, and now an average salary size stands at MNT 630 thous.
From May 1 of 2012, average pension has reached MNT 222,900, increasing from 165 thous. This an increase of 75 per cent against the end of 2011, of 35 per cent against April 1 of 2012, and of 2.3 times against 2008.
By 40 percent, or 63 thous., is increasing the pension of those 193 thous., or 64 per cent, who had their pensions fixed before the year 1995, and by 28 percent, or 49 thous., of those with the money fixed after 1995.
In view of increase of minimum level of livelihood, the government plans to fix newly the minimum at MNT 180,300, and the minimum level of per cent balanced pension at MNT 145,200.
B.Khuder
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