18.01.2018

Social Insurance

Social Insurance Law of Mongolia dated 1995 has been changed on 14 April, 2017. The amendment to the Law, affecting the Insured and Employer, shall become effective from 1 January 2018. The monthly social insurance deduction percentage for employer and insured (employee) has increased as shown on below table.

Type of social insurance

Deduction percentage /%/ of Employer’s salary fund or equivalent earnings

Changed percentage from 01 Jan, 2018

Deduction percentage /%/ of Insured’s salary fund or equivalent earnings

Changed percentage from 01 Jan, 2018

Pension insurance

7.0

9.5

7.0

9.5

Benefit insurance

1.0

1.0

0.8

0.8

Industrial accident and occupational disease insurance

2.0

2.0

2.0

2.0

Unemployment insurance

0.2

0.2

0.2

0.2

Total deductions

10.0

12.7

10.0

12.5