Social Insurance Fund still owed MNT 13.7 billion
The Social Insurance National Council delivered its 2011 report to the Standing Committee on Social Policy, Education, Culture and Science on Wednesday.
The most pressing issue in the report was the failure of some businesses to pay their social insurance fees in a timely manner. The report says delinquent businesses owe the social insurance fund a total of MNT 13.7 billion. This has forced the fund to reduce services.
S.Lambaa suggested that the social insurance fees should be collected with other taxes.
The standing committee also discussed allowing people to use their MNT 1 million allowance from the Human Development Fund toward their social insurance payments and pensions.
At the end of meeting, the committee passed a protocol to propose reforms to the social insurance system and submit them to the Government.
The most pressing issue in the report was the failure of some businesses to pay their social insurance fees in a timely manner. The report says delinquent businesses owe the social insurance fund a total of MNT 13.7 billion. This has forced the fund to reduce services.
S.Lambaa suggested that the social insurance fees should be collected with other taxes.
The standing committee also discussed allowing people to use their MNT 1 million allowance from the Human Development Fund toward their social insurance payments and pensions.
At the end of meeting, the committee passed a protocol to propose reforms to the social insurance system and submit them to the Government.
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