Social Policy Minister: No need to raise retirement age in Ukraine in next ten years

Social Policy Minister: No need to raise retirement age in Ukraine in next ten years

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Ukrinform
There will be no need for raising the retirement age in Ukraine in next 10 years.

Ukrainian Social Policy Minister Andriy Reva said this in an interview with the Obozrevatel media outlet.

"When at least 90-95 percent of people work legally, we will say: ‘Stop! We have no more reserves.’ We consider that there will be no need for raising the retirement age in the next ten years. Afterwards, such a problem can theoretically arise, and we will decide what to do," he said.

As reported, Reva said earlier that the International Monetary Fund had suggested to raise the retirement age for Ukrainians to solve the problem of deficit of the Pension Fund of Ukraine, trying to follow the same methods it used in other states. At the same time, the minister stressed that the Ukrainian side had proposed to solve the problem through the implementation of the pension reform without increasing the retirement age for citizens.

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