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  • Pavlo Rozenko: We will shortly present new programs for raising pensions
    Service of the Deputy Prime Minister of Ukraine, posted 13 March 2019 11:26

    Deputy Prime Minister of Ukraine Pavlo Rozenko emphasizes that the Government continues to work on improving the pension system and  plans to present shortly  new programs designed to raise pensions. He announced on air of the Espreso TV channel.

    "I am standing against the ideas not to raise pensions now, until the elections are completed. The ideology of the incumbent government lies in the fact that once the Pension Fund has an additional resource, we will immediately raise the living standards of our citizens. We have been doing this over the past few years and have done exactly the same now," Pavlo Rozenko said.

    The Deputy Prime Minister reminded that the Parliament has passed the law initiated by the President of Ukraine Petro Poroshenko, according to which funds, which will go to the budget of the Pension Fund from the preferential customs clearance of cars with EU registration plates should be aimed at raising pensions. "That is why the President and the Government have decided that UAH 4.5 billion of extra revenues will be directed to additional payments to those pensioners who have a full-time work record, but retired with ow wages. This is about 1, 9 million people, whose pension is less than UAH 1,700 UAH ", the Deputy Prime Minister stressed, recalling that the amount of additional payments will make up UAH 2,400 which will be paid in two tranches - from March 1, and from April 1 .

    Pavlo Rozenko stressed that raising pensions in March is not the last one. "We are working on further improving the pension system. In particular, we plan to make some adjustments to the formula for calculating pensions, where it is possible to increase the "cost" of the work experience for people who retired before 2010. We understand that it is unfair when a person has a large service record, bur receives a crummy pension. Now we are only making the first steps. And in the near future we are planning to present new pension  programs for those people who have a long working experience ", the Deputy Prime Minister underscored.