Poroshenko gave the green light to boost pensions

The President signed the law.

President Petro Poroshenko has signed the law On amendments to the Budget code of Ukraine concerning increase of pensions. This was reported on the official website of the President.

As noted, the law specifies the list of charges made to social protection and social security of citizens from the State budget of Ukraine and local budgets.

This law is systematically related to the law On amendments to some legislative acts of Ukraine on increasing pensions”, also accepted 3 October; the implementation of its provisions will determine the sources of financial support to certain social benefits and to differentiate the expenses between the budgets. These laws enter into force at the same time.

Recall, 3 October, Parliament adopted a pension reform, which envisages the modernization of pensions since October, and raising the minimum insurance period for retirement from 15 to 25 years from 1 January 2018. Three days later, President Petro Poroshenko has signed this law.

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