Rozenko: No commitment from Ukraine to raise retirement age

Ukraine has not made a fixed commitment to raise the retirement age under the pension reform, so the government will not make any moves in this direction, Vice Prime Minister of Ukraine Pavlo Rozenko said in an interview with one of the TV channels.

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"I want to tell you that we have no fixed obligations to raise the retirement age. It is neither in the memorandum with the IMF, nor in any obligations to other institutions. I am convinced that the current government and the authorities will not make any steps to raise the retirement age," he said.

Read alsoSocial Policy Ministry: UAH 30 bln needed for Donbas pension paymentsAccording to Rozenko, Ukraine has introduced a gradual increase in the retirement age for women, but these are the consequences of the reform, which was implemented by the Yanukovych government back in 2011.

"And, as you can see, raising the retirement age had no positive effect on the deficit of the Pension Fund, which has increased significantly in comparison with 2011. While it was about UAH 40 billion at the time, today there is more than UAH 140 billion in subsidies coming to the Pension Fund from the budget. In other words, the budget deficit has not decreased as a result of raising the retirement age, but increased instead," Rozenko said.

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