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 Ukraine unable to avoid retirement age increase, - Social Policy Minister

The government has no plans to raise the retirement age in Ukraine so far. However, it will be needed to be done in the future.

This was stated by Minister of Social Policy of Ukraine Andrii Reva, Censor.NET reports citing RBK-Ukraine.

"This is the issue that we can discuss for argument's sake. We have a gap in the Pension fund. We travel to the West to borrow some money, come to Germany, meet with Angela Merkel and dolefully tell her that we lack funds for payment of pensions. What would she think about it, in your opinion, given that the Germans retire at the age of 67?" he said.

The minister believes that the retirement age in Ukraine will have to be raised sooner or later. In particular, he singled out the example of Belarus and Moldova that had done it recently.

According to him, at this stage the Ministry is considering the possibility to raise the retirement age for those Ukrainians who have limited time in employment.

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