Mykhailo Papiyev: The government should present a full-fledged project of pension reform, and not give out regular promises
19 May 2017 16:38

This was stated by MP from the OPPOSITION BLOC Mykhailo Papiev during a speech from the rostrum of the Verkhovna Rada on Friday, May 19.

“I have a request to the Prime Minister that his today’s speech will not be counted as a presentation of the so-called “Pension reform,” the parliamentarian said.

He said that in 2003, being the minister of labor and social policy, he spoke from the parliamentary rostrum with a report on the draft law “On compulsory state social pension insurance”.

“The work lasted a year, and we fully provided the Verkhovna Rada with actuarial calculations of contributions to the Pension Fund, by the size of the pension that will be available to Ukrainian citizens in 5, 10, 20 years, according to the availability of resources in the budget of the Pension Fund for indexing and modernizing pensions. In parallel, we provided a demographic section and a cross-section for socio-demographic groups. That is, it was a lot of hard work, which gave us the opportunity to guarantee to citizens of Ukraine the constant growth of pensions and protection of these pensions from inflation and the national currency rate,” Mykhailo Papiyev said.

“We heard from the Prime Minister that he will improve something and does it. From October 1, he promised to modernize the pension. Since 2014, legislation was not implemented, providing for an annual, before March 1, recalculation of pensions for the growth rate of the average monthly salary. This was not done for three years,” the MP said.

The parliamentarian noted that pensions were a derivative of wages. “You cannot separately regulate the derivative. The deficit of the Pension Fund will appear only when we have the corresponding increase in salaries and when we have a ratio of working people and pensioners at least 1.4. Today, this indicator is less than 1,” Mykhailo Papiyev summed up.