Pension reform in Ukraine will change the approach to increasing payments – UNIAN
The Cabinet of Ministers plans to submit a draft law that will prohibit any changes to the pension system outside the pension legislation.
The Ukrainian authorities, in a letter of intent to the IMF management, spoke about future pension reform. It provides that indexation will become the only mechanism for increasing pensions.
As reported in the Memorandum with the IMF, the Cabinet of Ministers plans to submit to the Verkhovna Rada a draft law by the end of March 2025 that will prohibit any changes to the pension system outside the pension legislation.
“In addition, we will focus on consolidating the provisions of pension legislation to replace the various sectoral legislation governing pension rights,” the document says.
In the near future, the government…
