The pension reform proposed by the government provides for the expansion of the list of occupations that give the right to early retirement.
According to the prime minister, such increase in pensions will provoke at least three times higher Pension Fund deficit.
Ukraine’s PM has presented the Cabinet a new law on pension reform providing for the minimum pension increase up to 3,764 hryvnia ($144) from Oct. 1.
The finance minister of Ukraine stressed that the pension reform is required not only for the IMF tranche, but for Ukraine and it people at first place.
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.
Ukrainian Minister of Social Policy Andrii Reva believes the domestic pension system is heading for a large-scale disaster.
The accumulative pension system will allow Ukrainian pensioners to transfer the amassed money by inheritance.
Ukraine is faced with the collapse of its pension system unless necessary measures are taken to deal with the situation.
The government of Ukraine was able to convince the International Monetary Fund (IMF) in the absence of burning issue to raise the retirement age for Ukrainians up to 63.
Prime Minister of Ukraine Volodymyr Hroisman is ready to present a pension reform in the near future and hopes that with the support of Ukrainian lawmakers this reform can be adopted by the end of the current parliamentary session.
The renewed text of the IMF Memorandum on Ukraine that was signed last week includes items on the pension, land, bank, and other important reforms.
Vice-Prime Minister of Ukraine Pavlo Rozenko says that pension accounting should include all contributions by each person to the Pension Fund, not only those made after 2000.
The pension reform the government scheduled to implement this year does not stipulate for raising the retirement age, while the IMF does not insist on it either.
The Security Service of Ukraine (SBU) took the embezzlement case of the National Bank of Ukraine (NBU) officials to the Holosiivskyi District Court of Kyiv.
The final version of pension reform has not yet been developed. The Ministry of Social Policy of Ukraine is considering various options and principles of reform. It will be possible to talk about the final version only after it is publicly discussed, considered by the Cabinet of Ministers, and submitted to the Verkhovna Rada of Ukraine.
The Cabinet of Ministers of Ukraine intends to make the Pension Fund unsubsidized and significantly improve state's social support system as part of a medium-term development plan until 2020.