The mission of the International Monetary Fund, now working in Ukraine, says the pension reform is yielding expected and previously agreed results, Censor.NET reports citing the press service of the Ministry of Social Policy of Ukraine via UNIAN.
"When the pension law was passed, we had some concerns on whether there are enough incentives for people that would encourage them to continue working, but now we're seeing that you have stepped on the right path," the press service quoted Ron van Roden as saying (cited in Ukrainian).
On Sept. 6, the IMF mission arrived in Kyiv to work in Ukraine until Sept. 19, to discuss economic policies, as well as the next steps, including financial assistance in support of maintaining macroeconomic stability and ensuring economic development towards sustainable and inclusive growth.
The law on pension reform was adopted by the Verkhovna Rada on Oct. 3. The new legislation entered into force on Oct. 11, 2017. The law introduced the requirements for a minimum insurance period before retirement and increased pensions by 200-1,000 hryvnia for 9 million people.