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 PM Hroisman: I would like to see minimum pension payment of 3,000 or 5,000 hryvnia, but it's not possible today

According to the prime minister, such increase in pensions will provoke at least three times higher Pension Fund deficit.

Taking minimum pensions payments to the level of 3,000 ($114) or 5,000 hryvnia is not possible at the moment. This was announced by Prime Minister Volodymyr Hroisman during the Q&A hour of the Cabinet in the parliament on May 19, Censor.NET reports.

"I, too, want to see the minimum pension payment of 3,000 or 5,000 hryvnia in our country, but this will lead to the increase of the Pension Fund deficit. Today it is 140 billion, multiply it by 3, and you'll see that it will be more than 400 billion deficit, which is 40-50 percent of our state budget. This is not possible today, the economy will not allow us doing so," Hroisman said.

Read more: PM Hroisman says majority of Ukrainian pensioners live below poverty line

As reported, the Cabinet approved the bill on pension reform on May 17 and sent it for consideration to the Reform Council.
 
 
 
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