IMF does not require Ukraine to raise the retirement age – Danyliuk 09/21/2016 19:34:05. Total views 1125. Views today — 0.

The Ministry of Finance denied the information about demands in the memorandum of cooperation between Ukraine and the IMF to raise the retirement age. Minister of Finance Alexander Danyliuk told reporters about that on Wednesday, it is reported by Ukrainsky Novyny.

"There are no commitments (to the IMF in the memorandum) to raise the retirement age," - said the Minister.

According to Danyliuk, the memorandum includes an issue of reducing the deficit of the Pension Fund.

As earlier reported, the information appeared in the media that the IMF required pension reform for the next tranche.

The requirements include a gradual change in the retirement age, establishing the principle of single pension without providing benefits for certain professions (except military), broadening the base of contributions to the social security system, establishing an equitable tax regime for pensions.

On September 15th the International Monetary Fund agreed to provide Ukraine the third tranche in the amount of $ 1 billion for the programme of extended EFF financing.

Initially it was assumed that the third tranche would amount to $ 1.7 billion in 2015.