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Minimum monthly wage now 192,000 MNT

By M.ZOLJARGAL

 

In April 2013, an increase to the minimum monthly wage was agreed upon by the Confederation of Mongolian Trade Unions and the Trilateral National Committee on Labor and Social Consensus (TNCLSC). It was decided that the increased would be effective on September 1, 2013. Thus the national minimum monthly wage hereby increases by 36.7 percent from 140,400 MNT to 192,000 MNT, in accordance with Decree 7 issued by the TNCLSC on April 11, 2013.

The minimum monthly wage is the lowest possible monthly salary, applicable primarily to citizens that are employed in service positions that don’t require a certain level of education or skill specialization.

As reported by the Ministry of Labor, an official study showed that there are around one million citizens actively employed in Mongolia and 8.4 percent of them earn the minimum monthly wage. In other words, eight to ten percent of all employed citizens were receiving 140,000 MNT per month.

Thanks to the increase, the minimum hourly wage now increases to 1,142 MNT.

Short URL: http://ubpost.mongolnews.mn/?p=5698

Posted by on Sep 2 2013. Filed under Domestic. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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