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Economy 1 min read Source: УРА-Информ

Reva assured that the Pension Fund will be deficitless in ten years

Reva assured that the Pension Fund will be deficitless in ten years
photo УРА-Информ

This can happen if the country gradually increases the minimum insurance length to 35 years. This Friday, September 8, during an hour of questions to the government in the Verkhovna Rada of Ukraine, said the Minister of Social Policy, Andrei Reva.

According to him, since the new year, the insurance experience required to designate a pension at 60 years will be 25 years. Up to 35 years of insurance experience, we will go for ten years, - explained the minister, adding that therefore, we can achieve deficit only after the expiration of this period.

After raising the minimum wage from January 1, 2017, for 35 years of work, citizens will pay 295 thousand hryvnia to the Pension Fund, while the state will spend an average of 269 thousand hryvnia to pay a minimum pension. Thus, for the first time in many years, it became possible to increase the income of the Pension Fund,.

Recall, as reported URA-Inform, Prime Minister of Ukraine Vladimir Groysman said that if the Verkhovna Rada adopts the pension reform proposed by the government, the deficit of the Pension Fund of Ukraine can be reduced to zero in ten years.

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