Ukraine government approves pension fund budget for 2016

The Cabinet of Ministers of Ukraine has approved the Pension Fund budget of Ukraine for 2016.

The relevant decision was made at a cabinet session on Thursday, Ukrinform reports.

"The budget is completely balanced and allows to ensure full transfer payments to all pensioners, taking into account the fact that effective May 1 and December 1 the planned hike of the minimum pension will be implemented," minister for social policy Pavlo Rozenko said.