Yanukovych Raises Pension Age

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Yanukovych Raises Pension Age

Victor Yanukovych has supported immediate increase of pension age for 5 years: deficiency of the Pension fund makes about 60 billion, and the quantity of pensioners comes nearer to 15 million, informs TSN. Pension reform — a condition of reception of the credit of IMF.

The head of the state has declared it in interview to one of TV channels. «On turn — pension reform. We should be approached to it as soon as possible», — Yanukovych has underlined.

Let’s remind, the government plans to carry out pension reform in 2 stages: the first will start to realize in December of this year.

The cabinet plans to transfer till December, 10th in the Supreme Rada the bill on pension reform to satisfy a condition of the International currency fund and to receive till the end of the year a tranche at a rate of 1,6 billion dollars

According to the text of the updated memorandum between Ministry and the IMF, pension age for women should grow from 55 till 60 years.

Besides, developers of pension reform assume that pension age increase for five years, that is to 65, can concern men also.

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