The Cabinet of Ministers has postponed pension reform, because the government wants to get public support, Prime Minister Mykola Azarov said Thursday in Kyiv at the Congress of the Federation of Trade Unions of Ukraine, according to UKRINFORM.

The prime minister explained that government proposals "are connected with the IMF", the dependence on the IMF was higher in 2010, given the huge deficit of the Pension Fund, for example, last March, its revenues amounted to UAH 6 billion, debts - UAH 8 billion (USD 1 - UAH 7.95).

"Today the situation has changed, we can afford to negotiate with the IMF, and even refuse from a loan, although for Ukraine it will be very disadvantageous," Azarov emphasized.

As UKRINFORM reported, on December 20, 2010 the Cabinet of Ministers introduced a bill to parliament on measures to carry out pension reform in Ukraine.

The most painful points of the pension reform proposed by the government are: increasing the retirement age of women from 55 to 60 years, increasing the retirement age of male civil servants from 60 to 62 years, increasing the period of insurance, limiting the size of maximum pension to 10 minimal, introduction of a three-tier pension system, and an increase from 5 to 15 years in the minimum length of service for pension entitlements.

On March 19, President Viktor Yanukovych of Ukraine cancelled immediate consideration of the pension reform bill in parliament. He stressed that "the bill is not ready for voting."

The head of state stressed that, before considering the bill on pension reform in parliament, it is necessary to conduct explanatory work among citizens.

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