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 Ukrainian Politics, Economics
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 Ukraine’s Finance Minister does not rule out possible retirement age increase during forthcoming pension reform

The Minister of Finance of Ukraine Oleksandr Danyliuk does not rule out a possible increase of the retirement age as part of the upcoming pension reform in Ukraine.

He said at a briefing today, Censor.NET reports citing Ukrainski Novyny.

"The retirement age will definitely not be raised before late December. We must decide upon the pension reform model by the end of the year. It may also include a gradual retirement age raising," the minister said.

Read more: Government will not propose retirement age increase in Ukraine, vice prime minister says

However, he assured that the pensions would be paid without delays.

According to the memorandum of cooperation with the International Monetary Fund, Ukraine is committed to adopt a law on pension reform before the end of 2016 which does not exclude gradual increase in the retirement age.

Read more: Deputy PM Rozenko: "Defined contribution pension system to kick off by 2017 at latest. This is our fundamental point"

Earlier, Vice Prime Minister of Ukraine Pavlo Rozenko said that neither the memorandum with the IMF nor the government were talking about the increase of the retirement age. He stressed that this issue could be considered only after the improvement of the quality of life and increase in life expectancy in Ukraine.
 
 
 
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