• Українською
  • Pension reform envisages that all employed Ukrainians will have their personal pension savings accounts, says Prime Minister
    Communications Department of the Secretariat of the CMU, posted 03 January 2023 19:17

    The introduction of mandatory pension accumulation and the simultaneous reform of the stock and capital markets are among the essential priorities of the Government in 2023. This was emphasized by Prime Minister Denys Shmyhal during the meeting of the Cabinet of Ministers on January 3.

    “Ukraine has been facing the problem of filling the Pension Fund for many years. The working-age population is decreasing, the number of pensioners is increasing. The war has made the situation critical. The reform means that all employed Ukrainians will have their personal pension savings accounts,” noted the Prime Minister.

    According to him, the funds will come from three sources: the contribution of employers, the contribution of the state on a parity basis with the employer, and voluntary contributions of citizens. Thus, we will implement in practice the right of every Ukrainian to a decent pension.

    Denys Shmyhal accentuates that it remains a strategic priority to continue supporting all Ukrainians who find themselves in difficult life circumstances: “Targeting will be the key approach to social assistance. We will provide all social payments and pensions in full”.

    The Cabinet of Ministers will focus on the safety of pupils, students, teachers, lecturers as well. Currently, 65% of educational institutions in Ukraine are provided with shelters, the Prime Minister informed.

    “This is not enough, all educational institutions must have reliable and properly equipped shelters,” emphasized Denys Shmyhal.

    The Head of Government added the distance format of education would be improved. It is critical to fill the digital space with quality content, create asynchronous learning tools, provide students and teachers with access to high-speed Internet. Also in 2023, the New Ukrainian School reforms in grades 5-9 will be continued.

    Pension reform envisages that all employed Ukrainians will have their personal pension savings accounts, says Prime Minister