Amounts of pensions will not be cut in Ukraine in 2009. The Minister of Labour and Social Policy of Ukraine Liudmyla Denysova informed at the briefing. She emphasized that pensions will be upped in compliance with an inflation index. “The principal task for 2009 appears stability of pension payments. In the year of 2009 we will preserve achievements of 2008,” the Minister imparted.

 Liudmyla Denysova disclosed expenses for provisions of pensions for 11 months of 2008 have amounted UAH 135 bn. It is by 44% up against the respective period of last year. Besides, the official aired 70% of beneficiaries (over 9 million citizens) have already accrued pension for December. According to her, nowadays the average pension has increased by 51% as compared to December of 2007 and totals 896 UAH.

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