Ukraine's deputy PM says social pensions may increase on Dec 1

According to the official, social pensions will grow along with an increase in the subsistence minimum.

"Only labor pensions have been upgraded within the context of the pension reform. An increase in social pensions and payments to disabled will be provided along with the growth of the subsistence minimum. The next increase in the subsistence level is expected on December 1 this year. Therefore, the corresponding payments will be increased starting from December 1," Rozenko told 112.ua.

Read alsoIMF review of Ukraine pension reform is ongoing: IMF officialAt the same time, the official noted the Ukrainian pensions would be subject to further upgrading.

As UNIAN reported earlier, the upgrade of pensions, which is being carried out in Ukraine since October, may further accelerate inflation by 0.3-0.6 percentage points in 2018, according to the inflation report of the National Bank of Ukraine (NBU) for October.

The NBU noted that, according to the government's estimates, an additional UAH 20 billion may be needed to modernize pensions in the fourth quarter of 2017.