The deficit of the Pension Fund makes up UAH 145 billion.
The disaster with pension payments is looming in Ukraine, Minister of Social Policy Andrei Reva said during
“Freedom of Speech”, Korrespondent.net reports.
“If in 2014 the deficit of the pension fund made up UAH 80 billion and there was a question how to cover it, then it
was decided to impose tax on pensions, which gave 1 bln 800 mln. In one year the decision was taken to decrease
the rate of the unified social tax from 38% to 22%”, the minister said.
According to him, after this some economists stated that as soon as the unified social tax rate decreases, the
shortage of funds will be covered.
“Five months have passed and I want to report that the deficit of the pension fund, which made up UAH 80 bln in the
previous year, currently makes up UAH 145 bln. I.e. we took UAH 65 bln and gave to large business, hoping that it
will be struck with shame and it will return through raising salaries and payment of contributions to the Pension
Fund. But this did not happen…”, he said.
“Today we found ourselves in the situation, when the actual disaster with pension payments is looming, namely with
the deficit of pension fund”, Reva noted.
It was previously reported that UAH 14 billion were allocated for pensions of Ukrainians.
The government intends to liquidate special pensions, and to introduce a pension saving system in 2017.
