Vice Prime Minister of Ukraine Pavlo Rozenko met with representatives of the IMF Mission, led by Head of the Mission Ron van Roden. The discussion was focused on the comprehensive pension reform of Ukraine, overcoming the deficit and balancing the budget of the Pension Fund.

The Vice Prime Minister of Ukraine told about the steps taken by the Government during 2015 - early 2016 aimed at putting the pension system of Ukraine in order.

He reminded the members of the Mission that last year the Government submitted to the Parliament a range of bills that provide, among other things, the introduction of cumulative pension provision and the removal of extra expenditures from the Pension Fund. "These measures and the expected legalization of wages due to the reduction of a single social contribution are those steps that can really give the effect of reducing the deficit of the Pension Fund," he noted.

The parties agreed to jointly develop a general strategy for reforming the pension system as soon as possible, as well as to agree on immediate steps to be taken by the end of this year aimed at restoration of order in the pension system and overcoming the deficit of the Pension Fund.