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Ukraine’s current pension system is unfair, largely populist and in need of a change, agreed with the public, Prime Minister of Ukraine Volodymyr Groysman said on live television late Friday.
"The pension system is unfair and largely populist. The deficit of the Pension Fund is UAH 156 billion for 2017. What does it mean? This means that previously, each year politicians splurged and only made the problem more acute," said Groysman.
According to the prime minister, today it is important to make the system fair and fill it with resources.
"And we will make our first step – we will raise the minimum pension by 10% from December 1," said Groysman.
Read alsoPension Fund's deficit estimated at UAH 156 blnAt the same time, the Head of Government stressed the importance of not only developing a proper system of pension provision, but also persuading the Ukrainians to pay social security contributions to the Pension Fund.
Read alsoMinistry of Social Policy sees no opportunities yet for abolition of pension taxation"It is important to answer two questions: how can we help our seniors? On the other hand, it is necessary to answer the question: what kind of system will the new generations inherit from us? This will require our joint position," said Groysman.