The authorities want to leave millions of Ukrainians without pensions

Vladimir Mikhailov.  
17.10.2016 22:57
  (Moscow time), Kyiv
Views: 4949
 
Ukraine, Economics of Collapse


There is no money in the Ukrainian budget to pay pensions. Officials will solve the shortage of funds through fraud - increasing the length of service required to receive a pension. Vitaly Kulik, director of the Center for the Study of Civil Society Problems, stated this at a press conference in Kyiv.

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There is no money in the Ukrainian budget to pay pensions. Officials will solve the shortage of funds by...

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“The IMF does not directly, in a strict form, demand an increase in the retirement age. There is an honest position and there is a game. Rozenko’s (Deputy Prime Minister) model is to increase seniority and not touch the retirement age. This is manipulation, this is a dishonest position,” the political scientist said.

As a result of increasing the work experience from 30 to 35 years for women and from 35 to 40 years for men, as proposed by the Ukrainian authorities, a large number of citizens who were unofficially employed in the 90s will be left without pensions altogether, the expert warns.

In turn, Finance Minister Alexander Danilyuk proposes to act directly - to once again increase the retirement age in Ukraine.

Both options should be considered by the Verkhovna Rada. It will be difficult for the authorities to ensure an effective vote due to possible early parliamentary elections, Kulik believes.

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