Council has made pension reform in the agenda

Deputies of the Verkhovna Rada of Ukraine included into the agenda of the Parliament the bill No. 6614 “On amendments to some zakonodatelnoy acts of Ukraine concerning increase of pensions.” This decision was supported by 251 Parliament.

Note that the MPs also included in the agenda of the five alternative to it draft laws and related No. 6615,6615-1 “About modification of article 588 of the Customs code of Ukraine on pensions”, No. 6616,6616-1 “On amendments to the Tax code of Ukraine concerning pensions”, No. 6617 “On amendments to the Budget code of Ukraine concerning increase of pensions.”

  • Read also: Poroshenko insists on the consideration of pension reform in Parliament

We will remind, earlier it was reported that the Verkhovna Rada of Ukraine today, July 11 2017, will consider the package of draft laws on pension reform.

The pension reform increases the retirement age, but introduces requirements insurance experience: for retirement at age 60 will need to have 25 years of experience. If you experience 15 – 25 years of retirement will be to go in 63 years, less than 15 years – 65 years. People who have no insurance experience, can apply for social assistance upon reaching the age of 63. The amount of assistance will be determined on the basis of the family income of the pensioner.

All of the minimum insurance period will increase by 1 year every 12 months until 2028. Thus, from 2028 to retire at 60 will need to have 35 years of insurance experience.

The reform also cancels the appointment of civil servants pension for years of service and enters a single formula for calculating pensions, which binds it to the volume of contributions to the Pension Fund for life.

In the framework of the pension reform is also planned from October 1 this year to increase pensions, and to abolish the taxation of pensions to working pensioners.