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 Minister Reva: Pension reform bill ready but still to be harmonized with IMF before being submitted to parliament

Minister of Social Policy of Ukraine Andrii Reva says the government bill on pension reform is ready, but it must be harmonized with the International Monetary Fund before being submitted to the Verkhovna Rada.

"When we reach agreement with the IMF on provisions (of the pension reform - Ed.), we are going to pass them the bill for review. They should check whether the norms used in the bill are in line with our prior agreements," the minister told journalists after the Cabinet meeting on Wednesday, Censor.NET reports citing Interfax-Ukraine.

He noted that the basic provisions of the reform had been agreed upon with the IMF, but the technical matters were still to be harmonized.

Read more: Ukraine's pension system on the brink of collapse, social policy minister says

"The bill is ready," the minister said.

According to Reva, intense negotiations on pension reform had been held until late last week while the Fund's mission was in Ukraine and an agreement was reached to complete the harmonization via videoconferencing.

Read more: Accumulative system stipulates transfer of pension by inheritance, - Vice Premier Rozenko

The social policy minister earlier announced the intention of the Cabinet to present the draft pension reform at the Verkhovna Rada meeting before May 16.
 
 
 
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