Along with the implementation of the revised package law on social insurance starting January 1, 2024, Mongolia transitioned to a partially funded pension system and established a Pension Reserve Fund. Under this reform, two percent of pension insurance contributions began to be accumulated in monetary form in the fund.

As of 2025, a total of MNT 302.7 billion has been accumulated in the Pension Reserve Fund. By Government Resolution No. 256 of 2024, the Government approved the “Regulation on the accumulation, registration, allocation, placement, reporting, investment, inheritance, and supervision of Pension Reserve Fund assets.” In accordance with this regulation, the fund’s assets are invested based on the principles of security, efficiency, transparency, and independence. Investments are permitted in four financial instruments: Government securities, Bank of Mongolia securities, cash deposits placed in the Treasury Single Account, and time deposits held in systemically important commercial banks.

On December 31, 2025, “Cash Deposit Agreements” were concluded with four systemically important commercial banks, placing MNT 215.3 billion of the Pension Reserve Fund as one-year deposits with an annual interest return of 15.11 percent. As a result, conditions were created to increase the fund’s assets by MNT 32.5 billion. The fund received an investment return of MNT 2.7 billion for March 2026, further increasing the total assets of the Pension Reserve Fund.

Published Date:2026-04-03