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The expert believes it is necessary to further develop social policies.
TeleTrade analyst Sergey Rodler has said Ukraine once again started talking about raising the retirement age. And as one of the arguments in defense of the move, the authorities cite the retirement age in Europe where it is actually higher than the one in Ukraine.
Rodler notes that raising the retirement age is hardly able to address the existing issues, according to the Segodnya newspaper.
In the case of Ukraine, such a measure will simply contribute to the rise of shadow employment, resulting in the budget falling short of revenues.
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"The pension reform has been going on for almost a decade, but it hasn't achieved significant positive results: in 2020, the government will increase the cost of covering the Pension Fund deficit to UAH 172.57 billion (US$7 billion), which is UAH 5 billion (US$204.4 million) more compared to 2019. Officials are working hard to get rid of the deficit not only by reducing the size of payments, but also by reducing the number of pensioners: they increase age, reduce the coefficient of insurance experience, etc., which means people shouldn't expect a significant increase in pensions," Rodler said.
The expert believes it is necessary to develop social policies. After all, people stop working after retirement in European countries, while in Ukraine, over 2.5 million people try to remain employed. And these are only those who are registered in the Pension Fund.