Prime Minister of Ukraine Volodymyr Groysman is committed to present soon to the society and the Verkhovna Rada of Ukraine the governmental vision of the main provisions of the pension reform which is one of the top priorities of the Government in 2017 and one of the important pillars in cooperation with key creditor of Ukraine - the International Monetary Fund. This was stated by the Prime Minister during his communication with journalists.

“We will offer in the nearest future a pension system reform. We base on three components. The first one - is a fairness principle. The idea is to pay attention to the seniority of a person. The second - a deficit-free Pension Fund. We consider it is possible to reduce the Pension Fund’s deficit throughout 7 years to zero or close to zero”, noted Volodymyr Groysman.

The Prime Minister reminded that the deficit of the Pension Fund today exceeds UAH 140 billion and outstrips the security and defense budget. Along with this, despite the significant expenditures, according to the Head of Government, about 80% of pensioners receive minimum or low-paid pensions.

“And the third one - in case of approval of the pension reform, we will have an opportunity to rise retirement payments starting October 1. I will provide economic indicators and urge the Parliament to support our initiatives. It will enable us to upgrade the social status of our retirees. Herewith, both the exchange rate and prices will be stable”, summed up the Prime Minister.