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Ministry of Labor confirms minimum wage increase

Published Wednesday April 17, 2013

 

By M.ZOLJARGAL

The Minister of Labor, Ya.Sanjmyatav, confirmed at a press conference at Government House that the increase in the minimum monthly wage agreed upon by the Trilateral National Committee on Labor and Social Consensus (TNCLSC) last week will be put in place effective September 1, 2013.

The national minimum monthly wage is set to increase by 36.7 percent in accordance with Decree 7 issued by the TNCLSC on April 11, 2013.

The minimum hourly rate has increased by 307 MNT to 1,142 MNT.

The minimum wage was last increased two years ago. On April 4, 2011 the hourly wage went up to 835 MNT and the monthly wage went up to 140,400 MNT.

Clause 5.4 of the Law on Labor of Mongolia requires that the national minimum wage shall be reviewed every two years and the organizations in the TNCLSC shall submit to the Ministry of Labor proposals regarding changes to the wage rate.

Short URL: http://ubpost.mongolnews.mn/?p=3718

Posted by on Apr 24 2013. Filed under Domestic. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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