- Financial assessment of the proposed reform to the social security system for older persons and a proposed new pension scheme for the herders and self-employed personspdf - 18.7 MB
The ILO received a request from the Government of Mongolia to support the actuarial and institutional design of a new pension scheme for the herders, self-employed and informal economy workers. In May 2014, a tripartite Project Steering Committee was formed to guide the work on the pension reform. Since then, several options of pension design have been discussed and proposed by social partners. At the beginning of the year 2015, a draft State pension reform policy for 2015 to 2030 was submitted to the Parliament. The reform objectives are guided by the introduction of comprehensive reforms guaranteeing social protection for the Mongolian elders by introducing multi pillar pension schemes.