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The Cabinet adopted a pension reform: pensions will depend on the length of service that can be "purchased" 05/17/2017 14:53:35. Total views 631. Views today — 0.

Prime Minister of Ukraine Volodymyr Groysman presented a draft of the pension reform today at a meeting of the Cabinet of Ministers, OstroV’s correspondent reports.

"The first step is the modernization of pensions, note that we are introducing uniform rules for determining the size of pension payments. For those pensioners who are already receiving pensions and new pensioners, a unified approach will be introduced: we raise that figure, with which pension is calculated, almost 3 times. If earlier it was USD 45.17, now it will be USD 142.04 - it is from this figure that the calculation of Ukrainian pensions will start", - he said.

According to the prime minister, this will lead to the fact that pensions will increase for more than 5 million Ukrainians in the amount from USD 7.55 to USD 37.74 and more. At the same time, an increase in pensions in the amount of USD 11.32 will affect 4 million people.

"That is, in fact, from October 1, 5 million 620 thousand Ukrainian pensioners will receive an increased pension", - Groysman said.

He also stressed that the retirement age will not be increased.

"The retirement age remains at the level of 60 years for people who have a recorded period of service of 25 years", - he said.

According to him, for those people who do not have the necessary length of service, they will be able to retire at 63 (having 15 to 24 years of recorded period of service), if a person has up to 15 years of service - at 65 years.

"But for the majority of Ukrainian citizens, which is more than 70%, it will be 60 years, nothing changes for them, only the requirements for retirement length of service", - Groysman stressed.

The prime minister also said that a system of compensation for the lack of the necessary length of service will be introduced.

"If you do not have several years to 25 years of the necessary length of service, but you are already 60 years old, you can compensate it by contributing to the pension fund", - he said.

The bill also proposes the abolition of the taxation of pensions for working pensioners.