Pension reform to allow increasing pensions, social policy minister says

Pension reform to allow increasing pensions, social policy minister says

The implementation of the pension reform will increase the size of the pensions of Ukrainians and make them fair.

Social Policy Minister Andriy Reva said this at a meeting of the Regional Development Council, an Ukrinform correspondent reports.

"[Implementation of the reform] will help increase the amount of pensions and establish fair principles for pension accounting," Reva said.

According to him, as of today 10.2 million citizens are insured out of 16.3 million employed persons, and the number of pensioners is 13 million. Most of the citizens of working age are not participants in the social insurance, and the number of social security tax payers is less than the number of pensioners.

According to the minister, it is impossible to form a fair pension system, when only half of the citizens participate in the formation of resources, while as everyone should participate in their distribution.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: