Ukraine parliamentary committee submits pension reform for vote

2017/9/7 23:43:06

Analyst: “We expect a parliamentary vote to approve the second reading of the pension reform package – the key requirement for the next IMF loan tranche – will occur in time for the mission’s arrival to Ukraine next week.”


KYIV, Sep 7, 2017 - A parliamentary committee submitted pension reform legislation for parliament’s review after approving 2,144 amendments, Ukrainian Prime Minister Volodymyr Groysman said on his Facebook page on Sept. 6. Among these amendments is the introduction of the option of private pension savings accounts as of January 2019. The legislation is in its second reading after it was first approved in July.

 

Concorde analyst Zenon Zawada added: “We expect a parliamentary vote to approve the second reading of the pension reform package – the key requirement for the next IMF loan tranche – will occur in time for the mission’s arrival to Ukraine next week. So far, it is hard to say whether MPs will approve the proposed compulsory contributions to private pension funds. The IMF does not like this idea, as it will lead to the widening of the state pension fund deficit (and the state budget as well).”

 

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For more information, link here: www.concorde.ua 

 

 

Photo courtesy Presidential Press Service

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