
Government's bill on pension reform doesn't envisage a raise of retirement age, stipulates updating of pensions for 9 million of citizens, will allow the country to abolish taxation. Gov't possesses necessary resources to implement reform, says Volodymyr Groysman
The Government has budgeted resources in the Pension Fund of Ukraine for
the implementation of pension reform in case of approval from October 1 to
ensure the increase of pensions for 9 million retirees. This was stated by
Prime Minister of Ukraine Volodymyr Groysman in the course of the meeting of
the Committee on Economic Policy of the Verkhovna Rada of Ukraine, where the Government presented a report on
results of Government’s yearly activities.
“It is of paramount importance that we will offer a substantial increase
of the retirement payments for 5 million 200 thousand Ukrainian pensioners and
the renewal and increase of pensions in the total figure for 9 million
pensioners. I declare it with absolute responsibility. Thus, such resources in
the Pension Fund will be accumulated starting October 1 in order to implement
it. In fact, 9 million pensioners will feel the increase of pension
standards", accentuated the Prime Minister.
He underlined that the draft law which will be introduced to the
Parliament designed to ensure a fairness principle of the pension system as
well as deficit-free of the Pension Fund of Ukraine in the medium term as for
today deficit exceeds UAH 140 billion.
The Prime Minister drew a special attention to the fact that the Cabinet
of Ministers of Ukraine will not consider a raise of the retirement age,
instead is engaged in elaborating of the decision regarding the abolishment of
the taxation of pensions for working people.