The International Monetary Fund demands to implement a broad pension reform for lowering the deficit of the Pension Fund, IMF Mission Chief to Ukraine Ron Van Rooden said, HB Business reports quoting Interfax-Ukraine.
The deficit of the pension fund currently exceeds 6% of GDP, which is one of the highest indicators in the world; that is why the country needs to implement a broad package of pension reform.
“It needs a very broad package of the pension reform, which would consider not only the raising of pension age, but also the strengthening of opportunities of early retirement, expansion of the base of social dues”, the mission chief said.
Ukraine should have implemented the pension reform by the end of 2015; however, it violated its obligation.
