Ukraine’s PM has presented the Cabinet a new law on pension reform providing for the minimum pension increase up to 3,764 hryvnia ($144) from Oct. 1.
Prime Minister of Ukraine Volodymyr Hroisman is ready to present a pension reform in the near future and hopes that with the support of Ukrainian lawmakers this reform can be adopted by the end of the current parliamentary session.
The escalation of hostilities in eastern Ukraine has led to the death of civilians and destruction of vital infrastructure. Tens of thousands of Donbas residents have lost access to water and electricity in biting winter frosts while the humanitarian situation remains extremely difficult.
The head of the Social Policy Ministry says the retirement age in Ukraine will not increase. However, a citizen must earn a certain term of service enough for retirement. The draft bill on the pension reform is ready.
The pension reform the government scheduled to implement this year does not stipulate for raising the retirement age, while the IMF does not insist on it either.
The final version of pension reform has not yet been developed. The Ministry of Social Policy of Ukraine is considering various options and principles of reform. It will be possible to talk about the final version only after it is publicly discussed, considered by the Cabinet of Ministers, and submitted to the Verkhovna Rada of Ukraine.
Pensioners and veterans of Ukraine's Interior Ministry rallied outside the Verkhovna Rada building with a demand to recalculate pensions.
We’ll need to start with an increase in the retirement age of a number of groups that are exempt at the moment from the general retirement, that have special privileges on the retirement age.
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.
The pension reform, in particular, the defined contribution pension system introduction remains one of the government’s top priorities.
Ukraine’s government has amended the order of calculating subsidies that cover utility payments for citizens.
Calculation of subsidies for unemployed pensioners should be based on their income for the month preceding the application rather than for the previous year, the Cabinet has ruled.
The government guarantees timely and full payment of pensions as well as two increases in the minimum pension before the end of the year.
The task of the Ukrainian government in the negotiations with the International Monetary Fund is to show that there are alternative solutions.
The Verkhovna Rada of Ukraine intends to consider more than 100 bills and drafts between May 31-June 3. This includes the bill No. 4542 on cancellation of taxation of pension payments.
Basic pensions of many Ukrainians are below the minimum subsistence level, so they receive extra payments from the Pension Fund.