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Politics 2019-02-15T05:21:34+02:00
Ukrainian news
Ukraine Disagrees With IMF's Requirement To Raise Retirement Age To 63 Years

Ukraine Disagrees With IMF's Requirement To Raise Retirement Age To 63 Years

Minister of Social Policy Andrii Reva has said that Ukraine has managed to persuade the International Monetary Fund not to raise the retirement age for Ukrainians to a 63-year-benchmark.

Reva has said this in an interview to the 1+1 TV-channel, Ukrainian News Agency reports.

According to the minister, the retirement age for men and women in Ukraine will be 60 years.

He has said that currently women in Ukraine retire at 58.5 years.

He also reminded that, under the 2011 pension reform, the retirement age for women will gradually increase by half a year annually until 2021.

Upon reaching that time, women in Ukraine will retire equally with men at 60.

As Ukrainian News Agency earlier reported, under the revised Memorandum of Association between the IMF and Ukraine, the pension reform must be approved by May 2017 and will take in effect on January 1, 2018.

Больше новостей о: IMF retirement age Andrii Reva Social Policy Minister

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