Groysman: our task is to create fair pension provision system

12:39, 23.05.2016 1 min read

The task of the Ukrainian government is to offer the fair pension provision system. The system would attribute to the proper level of social support of Ukrainian citizens and the removing of the deficit of the Pension Fund, Ukrainian Prime Minister Volodymyr Groysman has said.

"Our task will be the following: to offer Ukrainian society the system that would establish fair pension provision. Ordinary Ukrainian citizen is to benefit it," the information and public relations department of the secretariat of Ukraine's Cabinet of Ministers reported, citing Groysman.

He said that today the pension system in Ukraine is absolutely imperfect. The deficit of the Pension Fund is UAH 145 billion. The prime minister predicts growth of the deficit from year to year if measures to reform the fund are not taken.

"This [the pension reform] is not the concern of the IMF [International Monetary Fund]. This is Ukraine's concern. This is the issue how Ukrainians will live when they become pensioners," Groysman said.