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Ukraine wants to cancel special pensions and introduce funded system from 2017
28.04.2015 15:21 "Agro Perspectiva" (Kyiv) —
The Ukrainian Ministry of Social Policy will present on Wed at the Cabinet meeting a new model of pension reform, which includes the complete abolition of special pensions and the introduction of a funded pension insurance system from 2017, UNIAN says referring to the Minister of Social Policy Pavlo Rozenko report.
«First of all, we’re talking about the abolition of the system of special pensions… We propose to calculate pensions for all categories of citizens according to a single formula,» Rozenko said.
The minister also plans to offer a new start of a funded pension system from Jan 1, 2017.
«We expect that from Jan 1, 2017 a funded system will come into force the second level of pension insurance,» he said.
«Our principled position is that Ukrainian citizens shouldn’t receive a pension from a single source, as it is now, but from three sources the solidarity system, as it is today, a funded system and private pension insurance,» Rozenko said.
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