Groysman said that Ukraine will raise pensions

Pensions will increase from 1 October, if the Parliament will support pension reform.

Prime Minister of Ukraine Vladimir Groisman promises to raise pensions from the first of October, if the Parliament will support pension reform.

He declared it on air of ICTV TV channel.

“We have developed and in may we will submit (to the Verkhovna Rada of Ukraine – ed.), the reform of the pension system. We want to be fair. We have found, many months worked on a formula to the first of October increasing to 5.6 million pensioners, pensions to 200 thousand hryvnia. This is a substantial increase in pensions, and this increase will be ongoing, is not any handouts,” he said.

Groysman hopes that the Parliament will vote for pension reform. “It is very important to get the support of the Ukrainian Parliament. And we’ll rely on the fact that we are working with the coalition, with the President, this reform will have, and I pledge – I will implement this reform”, – he stressed.

Hroisman recalled that the pension reform provides for the abolition of taxation of pensions for working pensioners, and also it is not allowed raising the retirement age.

According to him, the government found a formula that will allow without raising the retirement age to minimize the deficit of the Pension Fund, which now amounts to about 140 billion. “We are for seven years or will be able to reduce the deficit or bring it down to zero”, – he added.

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