Pension Reform: 45% of Ukrainians Will Be Left Without A Pension

Translated by Ollie Richardson

13:30:48
29/06/2017

glavnovosti.com

The changes to the system of providing pensions that are lobbied by Vladimir Groisman’s government will leave 45% of Ukrainians without pensions. This was stated by the Honorary Chairman of the “Uspishna Kraina” party Aleksandr Klimenko, commenting on the changes to the provision of pensions.

“As you, perhaps, have already heard, after January 1st, 2018, the minimum pension will be paid only at the age of 65 to those with a working experience (35 years for men, 30 years for women). If to trust the data of the government, as of the beginning of 2018, only 70% of those who will be obliged to retire will be able to make it. And this, I want to emphasize, is the official data, but in practice maybe it will be more,” stressed Klimenko.

The government of Ukraine transferred a package of laws for “pension reform” to the Verkhovna Rada, which will probably be considered in July before the parliamentary recess. If the new conditions of retirement in the form of an increase in the insurance experience are approved, then in 10 years only 55% of Ukrainians will be able to apply to receive a pension.

“What will remain for the remaining 45% of our citizens is a mystery shrouded in darkness,” emphasised Klimenko.

In addition, according to his calculations, such pensioners will receive a pension twice lower than the living wage: with a working experience of 15 years a pensioner at the age of 65 will receive from the State a pension of 588 hryvnias. This contradicts the standards of the Constitution of Ukraine, according to Article 46 a pension can’t be below a living wage.

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