REUTERS
The Ministry of Social Policy of Ukraine in the framework of the pension reform proposes to reduce the periods of insurance for the retirement age up to 15 years as of January 1, 2018, which will allow 30% of citizens to be eligible to retire, according to the press service of the Ministry with reference to its head Andriy Reva.
"According to an earlier project, as of January 1, 2021, at the time of retirement, a potential pensioner had to have at least 20 years of pensionable service, with the total of 30 years of employment, only 8% of Ukrainians could qualify for a pension. Now we are talking about how to reduce this insurance period down to 15 years, and on January 1, 2018, 30% of citizens will be able to apply for a state pension," the press service quotes Reva.
Read alsoRozenko: No commitment from Ukraine to raise retirement ageThe Minister said that such period was given so that "all the young people start to pay contributions, and the older people begin to put in order their pension insurance with the payment of a single social contribution."