Social Insurance for Mongolians abroad

2015 оны 12 сарын 7

Mongolian citizens, living abroad will be able to make social insurance payments via an online system linked to the “State Bank”. This means that life guarantees for the 100,000 Mongolians living in 38 foreign countries around the world will be provided. The Director of the Social Insurance Administration, Ts.Urtnasan, said that: “There are 600,000 people who do not have social insurance of which 160,000 people are currently living in foreign countries. The preliminary work co-operating with the “State Bank” has started. For example, many Mongolians are living and working in South Korea. At present, approximately, USD 1 million in annual revenue to the Mongolian Social Insurance Fund comes from South Korea”.

 

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