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  • PM: Government is working to change the country's pension system, to make it fair and to fill it with resource
    posted 05 November 2016 00:16

    The Government is working to change the country's pension system, to make it fair and provide the resource. This was stated by Prime Minister of Ukraine Volodymyr Groysman in the program Shuster Live on Friday.

    "We are engaged in serious work at the pension system. It is unfair as it contains a component of populism. It entailed major challenges for us", noted Volodymyr Groysman.

    "Our next step is to change the country's pension scheme, to make it equitable and to provide with necessary funding", said the Prime Minister.

    Presently, given that general Pension Fund’s assets are worth UAH 250 billion, the deficit for next year makes up UAH 156 billion.

    This situation has occurred due to long lasting populism of politicians when they considered it necessary to mint money and spread it among citizens (in the amount of UAH 1,000) just to impress.

    "Year after year politicians who were coming to gain the trust of people, soft-soaped and just aggravated the problem instead", said the Prime Minister.

    The Government has taken a first step towards providing fair pensions in Ukraine and increases the minimum pension by 10% from December 1.

    "Of course, it is rather insufficient, but it is a concrete resource that we can fill having the deficit and give it to people", said Volodymyr Groysman.

    In addition, millions of citizens in the country do not pay contributions to the Pension Fund.

    "Is this fair? A pensioner, who is on the minimum pension, who had been working all his life to get his pension insurance record and obtain it. But there are those who do not pay a copeck to the Pension Fund, but tomorrow will come to the Pension Fund to get pension. It is also a huge problem. The entire country should fill the Pension Fund", stressed the Prime Minister.

    He accentuated that the scheme should be capable of making seniors self-sufficient at least at the minimum level.

    "It is vital to answer to two questions: how pensioners live, and how we can help them, and on the other hand, it is vital to respond to a question what kind of system we will leave to our next generations", urged the Head of Government.