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 "Government won't let Pension Fund fall into crisis," - Rozenko

The Ukrainian government promises to fulfill all its commitments on social benefits and pensions, despite the difficult situation in the Pension Fund.

As reported by Censor.NET referring to Ukrinform, this was announced by Deputy Prime Minister Pavlo Rozenko on air of Pershyi Natsionalnyi.

"This figure, which has been recently voiced, 145 billion hryvnia (approx. $5.749 billion), is an absolutely projected figure. It indicates a difficult financial situation inside the Ukrainian Pension Fund. Nevertheless, we can say there is no catastrophe, the government won't let the Pension Fund fall into crisis. All social benefits and pensions will be paid in due time and in full," Rozenko said.

He stressed that so far, the government has not delayed payment of pensions and social benefits: "Because this amount is secured in the State Budget of Ukraine and allocated to the Pension Fund from the State Budget. Thus, these expenditures are projected."

As previously reported, Director of the IMF's European Department Poul Thomsen expressed concern over an increasing deficit of the Ukrainian Pension Fund and proposed to consider options of reducing the influx of new pensioners, in particular by restricting early retirement and raising the retirement age.

Read more: Many Ukrainians get pensions below minimum subsistence level, - Pension Fund chairman Zarudnyi
 
 
 
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