: :inin Kyiv (EET)

Ukrainian Government not to raise retirement age – Deputy Prime Minister of Ukraine


Deputy Prime Minister of Ukraine Pavlo Rozenko says the question of raising the retirement age in Ukraine has been withdrawn from the agenda of the government and the IMF, Espreso.TV reports.

”The government has withdrawn the retirement age issue for now, clearly stating its position. It will not make any proposals to increase the retirement age in Ukraine. This is a principled position. Now the issue is also removed from debates with the IMF,” Rozenko said, according to Espreso.tv.

He stressed that the government would not increase the pensionable service period, maintaining it at the existing level of 35 years for men and 30 years for women.

Rozenko said that it might take at most four months to stabilize the situation in the Pension Fund.

”For the first month of 2017, the pension fund receipts increased by 18% from the projected sum. We got a tremendous effect out of raising the minimum wage. We need three to four months to stabilize the situation, and see the real capacity of the Pension Fund,” the Deputy Prime Minister said.

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