Memorandum of Cooperation with IMF does not include increase in retirement age, - Danylyuk

Finance Minister assured that experience will be the key indicator for allocating pension
16:01, 6 February 2017

Open source

There is no requirement to raise the retirement age in the Memorandum of Cooperation with IMF. This was reported during the press-conference by Oleksandr Danylyuk, the Minister of Finance of Ukraine.

“There are no demands to increase retirement age in the memorandum,” he said.

Danylyuk assured that experience will be the key indicator for allocating pension when the new model of the pension system is implemented.

“The IMF has always required increase of retirement age, but we are working on the model which will not need it. Period. It will not happen,” Head of Finance Ministry stressed.

As it was reported earlier by the Vice-Prime Minister of Ukraine Pavlo Rozenko, the issue of raising retirement age was removed from the negotiations with the International Monetary Fund on the preparation of a new edition of the Memorandum of cooperation in the EFF program.

Related: Pension reform, electronic declarations, privatization: What Ukraine promised to IMF

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