The IMF is preparing proposals for reforming the pension system in Ukraine

The IMF and World Bank experts are preparing proposals for changes in the pension system of Ukraine, which, according to experts of the International Monetary Fund, will contribute to the support of vulnerable segments of the population. This is stated in the IMF memorandum.

The changes are called a "comprehensive conceptual framework for improving pension provision" and include a review of the implementation of the second level of pension provision. The memorandum states that the growth of pension expenses should take place only if the pension fund's resources are balanced, in particular through a medium-term analysis of fiscal sustainability and an analysis of the debt burden.

What restrictions does the IMF propose in the pension system and social benefits? The IMF proposes to prohibit the introduction of new special pensions or the provision of additional benefits to existing pension payments. It is also not recommended to increase benefits through discretionary increases or changes to existing obligations to reduce the retirement age.

The mechanism for supporting vulnerable segments of the population involves improving the targeting and verification of benefits for vulnerable segments. Different social support programs will be combined into a single package of social support based on individual need, regardless of the status of the recipient, be it an internally displaced person or a citizen with another status. However, these changes in social security are still project-based, and the memorandum does not specify the time frame for the implementation of the pension reform and social benefits.

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

Op Artem's exader's wife purchased real estate in Dubai for $ 4.3 million

Irina Shilo, the wife of the former adviser to the office of the President and the officer ...

Slavia singer waits for a baby after divorce from Dzidzo

Ukrainian singer Slavia, former wife of artist Dzidzio (Michael Khoma), ...

Yasno CEOs told who risks staying without light

Yasno CEO Sergey Kovalenko commented on a wave of messages in ...

Kyiv City Council MP Malyarevich declared 12 plots and apartment for 5.6 million

Provisional Chairman of the Commission of the Kyiv City Council on Architecture, Urban Planning and ...

MP from the "servant of the people" went to the EU and did not return

Member of the Berehiv District Council from the Party "Servant of the People" and ...

The deputy director of the educational institution collected data on the Armed Forces for the Russians

In the Sumy region, the Security Service of Ukraine exposed and detained ...

The Ukrainian national team retained the 25th place in the FIFA ranking after the League Nations matches

International Football Federation (FIFA) updated the rating of national teams for ...