Kyiv, March 27 (PolitNavigator, Maxim Karpenko) – The Pension Fund of Ukraine is bankrupt and lives only on subsidies from the state budget. Minister of Labor and Social Policy of Ukraine Pavel Rozenko stated this on the air of First National.
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According to him, the situation that has developed in the fund is catastrophic.
“80 billion hryvnia is a subsidy to the Pension Fund of Ukraine, which is not enough for it to pay all pensions. I want to say that this is a catastrophic situation for any country when the Pension Fund does not have enough money to increase pensions, but to pay on time and in full this meager amount that we have in our country today. The pension fund is bankrupt today, and without the help of the state this institution simply would not exist,” Rozenko said.