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 Pension reform bill to be introduced to Rada in spring, - Reva

In spring 2017, the Ministry of Social Policy of Ukraine plans to present a bill on pension reform to the Verkhovna Rada.

Minister of Social Policy Andrii Reva said on air of Espreso TV, Censor.NET reports.

"The government action plan envisages that we are planning to carry out the pension reform. This past year, the Ministry of Social Policy fulfilled almost all of the planned activities except for the pension reform. We have been living with frozen pensions for nine years. Previously, all issues that concerned pensioners were put off until later. In order to modernize the pension system we need resources. We had to make a first step. It is about raising the minimum wage, the level of salaries in the public sector," Reva said.

Read more: Talks about raising retirement age seek to undermine situation and frighten people, - Hroisman

According to him, the growth of these indicators will lead to an increase in the Pension Fund revenues. The step to increase the minimum salary has established a base for the pension reform.

"We have been working on the pension reform for nine months now. In spring 2017, if it is agreed with all interested parties, a pension reform bill will be introduced to the parliament," the minister added.

From Jan. 1, 2017, the minimum wage in Ukraine was established at 3,200 hryvnia ($112), which is twice more than before.

Read more: Social Policy Ministry expects 141.5 billion hryvnia Pension Fund gap in 2017
 
 
 
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