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Viche 2011 5

5, 2011

The Head of the World Bank for Ukraine: Your pension reform is one of the most balanced one

Parliamentary hearings on the topic: The state of carrying pension reform and ways of improving it

Parliament Speaker Volodymyr LYTVYN suggested that during the dialogue process there would be less politics, demonstrations and recriminations.

Vice Premier, Minister of Social Policy Serhiy TYHIPKO said that since 1998 some governments tried to carry out pension reforms, but, unfortunately, in 2000 they limited to the introduction of the personification pension accounts and in 2004 - the third level of pension system (voluntary private pensions).

Speaking of threatening demographic trends, he said: if in 2006 we had 15 million 800 stable of contributors to the pension fund by the end of 2010 there were 14.4 million. Thus for the last 5 years, the number of pensioners in Ukraine did not change and is 13.7 million.

Valeriy Sushkevich expressed outrage that for the sake of saving 50 million a year to government bill proposes three times (from 5 to 15 years) rising service record to qualify for the pension for people with disabilities.

Ukraine's pension system in its current form is a financially incapable, considers the Head of World Bank for Ukraine Martin RAISER. He assured: pension reform proposed by government is one of the most socially balanced reforms in Europe, and the World Bank supports these measures. He also stressed that people will start honestly declare their salaries and make social contributions only when they see the link between contributions and a pension.