Official: Ukraine has confirmed the upcoming increase in the retirement age

Finance Minister Alexander Danilyuk does not rule out a possible increase in the retirement age during the upcoming pension reform.

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He announced this at a briefing in Kyiv, reports the Kiev publication Depo.ua.

“By the end of the year we must decide on the pension reform model. It may include, among other things, a gradual increase in the retirement age,” the minister said.

Let us recall that Ukraine borrowed $1,3 billion from the IMF in 2016 and almost $5,4 billion in 2017 under the EFF extended financing program. In particular, the memorandum talks about the parameters of pension reform.