The International Monetary Fund (IMF) regularly raises the issue of a retirement age increase in Ukraine, however the issue has not been included to the draft memorandum, Vice Prime Minister of Ukraine Pavlo Rozenko has said.

"This topic is discussed regularly. However, we keep saying and informing the International Monetary Fund that our vision of pension reform is the following: a gap in the Pension Fund can be eliminated through changing the formula or parameters of the pension system and we have to do so," Rozenko said in an interview with Interfax-Ukraine on Wednesday

He added that today the country could increase the Pension Fund's income through the withdrawal of returns from the shadow and increasing the number of unified social tax payers.

"An increase in retirement age today won't give any real effect which could really cut the Pension Fund deficit," Rozenko said.

He noted that the Ukrainian government was not considering such a possibility and intended to prove to the IMF that such step is unreasonable.

"They keep raising the issue, but it has not been included to the memorandum. Negotiations continue and there is no final text, however we have reached a compromise and removed this tight connection to retirement age from the memorandum," Rozenko said.