Japan helps Mongolia improve public pension system
Japan helps implement a project to improve the public pension system in Mongolia, sharing its experience in dealing with a rapidly aging society.
Japan helps Mongolia improve public pension system. Japan helps implement a project to improve the public pension system in Mongolia, sharing its experience in dealing with a rapidly aging society. Under the project, experts from the Ministry of Health, Labor and Welfare and the Japan Pension Service have been stationed in Mongolia to teach local officials how to operate pension systems. The Japanese project, sponsored by the Japan International Cooperation Agency, is partly aimed at establishing a better livelihood for nomads in Mongolia whose pension coverage is very low. At present, an estimated 270,000 of Mongolia’s 3 million people live as nomadic herders moving from place to place to find pasture for livestock. Of these, only 20 percent are covered by public pensions. Under the current pension system, it is difficult for authorities to collect premiums from nomadic herders who travel from place to place throughout the year. In addition, a large number cannot afford to pay. Under these circumstances, the Mongolian government considers introducing a universal pension system that covers all people in the country.
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