Pension reform will see a 77% rise in the volume of pensions for military servicemen, taking into account the interests of war veterans, according to Ukraine’s Minister of Social Policy Andriy Reva, the government press service reports.
Ukrainian's Social Policy Minister Andriy Reva says the rate of shadow employment in Ukraine in 2017 decreased by 8%, to 3.7 million people from an earlier figure of 4 million non-accounted workers.
Ukrainian Social Policy Minister Andriy Reva says that the budget of the Pension Fund of Ukraine (PFU) in 2018 will grow by 25%, to UAH 355 billion (US$13.2 billion).
Ukrainian Social Policy Minister Andriy Reva says that the pension reform will oblige employers to hire people older than 45 years within the set quota, according to the TV news service TSN.
After the adoption of the bill on pension reform, the Ukrainian Cabinet of Ministers proposes to raise the minimum wage to UAH 3,764 (approximately US $145), Minister of Social Policy Andriy Reva said during a Government Q&A in the Verkhovna Rada on Friday.
Ukrainian's Social Policy Minister Andriy Reva says the World Bank fully supports the draft pension reform prepared by the Ukrainian government and offers support in its adoption.
Ukrainian's Social Policy Minister Andriy Reva says Ukraine has agreed 99% of its pension reform with the International Monetary Fund’s mission, which last week completed its work in the country.
Ukrainian Social Policy Minister Andriy Reva says the maximum pension in Ukraine is set at UAH 58,000, or about US$2,165, and while retirement payments are capped on UAH 10,740, or about $400, the vast majority of 12 million Ukrainian retirees receive even smaller amounts, according to TV Channel 112 Ukraine.
Ukrainian's Social Policy Minister Andriy Reva says that the government has managed to convince the International Monetary Fund (IMF) that there is no need to raise the retirement age for Ukrainians to 63 years, according to the TV news service TSN.