31.03.17 15:13

PM Hroisman set to present pension reform

Prime Minister of Ukraine Volodymyr Hroisman is ready to present a pension reform in the near future and hopes that with the support of Ukrainian lawmakers this reform can be adopted by the end of the current parliamentary session.

As reported by Censor.NET citing Interfax-Ukraine, he said this at a meeting with representatives of regional media on Friday in Kyiv.

"I believe this year we must put an end to the situation where 80 percent of Ukrainians receive minimum pensions. We already know how to do this and will soon present this reform. I would really want this reform to be supported by the Ukrainian parliament, and I am ready to bear full responsibility for the results of this reform... I am sure that with the support of the Ukrainian parliament's 226 votes we'll be able to pass it until the end of this session, until July 15, and raise pensions in the country from Oct. 1," he said.

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According to Hroisman, the pension system should be fair and deficit-free and provide for an increase in pensions.

"Today, the deficit of the pension fund is 141 billion hryvnia ($5.204 billion).... My task is to ensure that in seven years this deficit is zero or close to zero," the prime minister said.

As previously reported, the updated memorandum between Ukraine and the IMF, signed at the end of last week, contains provisions on pension, land, banking and other important reforms.
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