Finance Ministry to coordinate pension reform with IMF before end of week

Ukraine's Finance Ministry will agree before the end of this week the pension reform project with the mission of the International Monetary Fund (IMF) deployed in the country, Finance Minister Oleksandr Danyliuk told a briefing in Kyiv.

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"I think that before the IMF mission completes its work, we will agree on all [pension issues]," the minister said.

As UNIAN reported earlier, as part of the pension reform, the government planned to raise pensions from October 1, which, according to preliminary estimates, would affect 5.6 million Ukrainians, as well as to abolish the taxation of working pensioners.

Read alsoUkraine plans to abolish taxes for working pensioners, raise pensions from Oct 1The government version of the pension reform does not provide for raising the retirement age, at the same time offering other tools for developing a fair and deficit-free pension system.

According to the statement by the International Monetary Fund following the IMF Executive Board meeting on Ukrainian issue, the country cannot any longer delay comprehensive pension reform, including by raising the effective retirement age.

According to the list of structural benchmarks of the Extended Fund Facility (EFF) with the IMF, Ukraine promised the International Monetary Fund to adopt legislation on pension reform by the end of April.

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