“We need to raise the retirement age”: the expert on the future of Ukrainians in retirement

In the European Union the average age of retirement has reached the age of 65. Moreover, the European Commission recommended to raise the retirement age to 70 years. The Germans now retire at the age of 67. Of all the European countries early retirement age occurs the Ukrainians – in 60 years. In Belarus, President Alexander Lukashenko, the retirement age increased by five years. Recently the Minister of social policy Andrei Reva in his comments to one of the online publications said the IMF insists on raising the retirement age. Senior researcher of the Institute of demography and social studies Lydia Tkachenko is sure that in Ukraine it is necessary to raise the retirement age.

“We need to raise the retirement age. It is not for those people who are now retired, and not even for those who are now approaching retirement age. The decision you make today, and start improving later. It is possible to identify a generation – say, those who were born in the 90’s, early 2000’s, and assign them a higher retirement age. These generations are the most small, yet they will shape the workforce, the burden on the pension system will go overboard. If them not to raise the retirement age, will have to raise taxes and the rate of ERUs. When these small generation will retire (this will be the end of the 2050-ies), there will be a slight easing of tension, and you can pay them more generous pensions”, – the expert believes.

As said scientist, according to international standards, in any country, regardless of the demographic situation, the retirement age can be raised to 65 years. This will reduce the number of pensioners per one million people, in addition, increase the number of employees.