Mongolia’s Parliament will urgently discuss a bill proposing pension increases for over 500,000 retirees. The proposed increases range from 100,000 to 300,000 Mongolian Tögrög, dependent on contribution history. The legislation also addresses discrepancies for 140,000 citizens who previously calculated pensions based on a salary of 1.4 million Tögrög, adjusting calculations to 2.4 million Tögrög. The bill aims to modernize the social insurance system, reduce fund expenditures, and expand coverage. It includes incentives, such as a 4% increase for each year retirement is delayed, to encourage later retirement ages. Additionally, the bill proposes caps on employer social insurance contributions, reduced rates for occupational accident insurance, and exemptions for start-up businesses. The draft law also explores voluntary, investment-based pension accumulation with government incentives.