Contents tagged with pension system
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The IMF did not approve the pension reform of the Cabinet of Ministers of Ukraine
The International Monetary Fund did not approve the pension reforms prepared by the Cabinet of Ministers, as reported by Ukrainski Novyny news outlet, citing a source in the government.
It was reported that the Fund has categorically opposed the abolition of the taxation of pensions for working pensioners and did not support the idea of reindexing pensions on an ongoing basis. In addition, the IMF categorically opposed the Ukrainian government's plans to reduce the index used in estimating the …
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IMF tells Kyiv how to reform pension system. Ukrainian vice prime minister calls this statement 'unprofessional'
In an article for the Economichna pravda (Economic Truth) online newspaper, Ron van Roden, head of the International Monetary Fund (IMF) mission to Ukraine, wrote that Ukraine’s pension system is in need of urgent reform, since it does not meet current challenges.
He explained that if no changes are made to the state pension system soon, the pension fund will become even more unstable, and may not be able to provide a subsistence level pension (1544 hryvnia ($57.6 USD)) for the older …