UKRAINE: Insurance experience will increase 10 years

The bill on pension reform involves increasing the insurance period to 35 years for 10-year period. This was announced during the hour of questions to the government in the Verkhovna Rada, the Minister of social policy Andrei Reva.

"We offer a 10-year transition. 1 January 2018 the insurance period for the pension at age 60 will be 25 years. 35 years and up we'll go the next 10 years. And a balanced budget (the Pension Fund - Ed.) we can only attain at the end of this period," said Reva. Read the full story

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