Source: UkraineWorld group (ukraineworld.org)
Prepared by Vitalii Rybak
On 3 October, Ukraine’s Verkhovna Rada has voted for legislation to overhaul an outdated pension system. It was supported by 288 out of 450 Ukrainian MPs. Moreover, Ukraine’s President Petro Poroshenko has already signed the law on 8 October. Pension reform has been anticipated by Ukrainian society for a long time. It was in focus of international donors—EU, IMF and World Bank.
Here is what you need to know about the reform.
Ukrainian pension holders are extremely poor. At the moment, there are approximately 12 millions of Ukrainians who receive pensions. However, 8 million of …read more
Source: Global Ukraine
