Ukraine. Cabinet Decides To Raise Pensions To UAH 2,000 For Women With Seniority Of More Than 30 Years And Men With Seniority Of More Than 35 Years From July
The Cabinet of Ministers adopted the relevant resolution at a meeting on Wednesday, Ukrainian News Agency reports.
In particular, the Cabinet of Ministers determined that from July 1, if the monthly amount of pension payments, taking into account the allowances provided by law, cash assistance, indexation and other allowances (except for pensions for special services to Ukraine) for pensioners with sufficient insurance period, does not reach UAH 2,000, so such pensioners will be paid extra to the pension in the amount that is not enough to this size.
Funding of payments will be carried out at the expense of the state budget, covering the deficit of the Pension Fund. According to the Ministry of Social Policy, which developed the document, the implementation of the decision requires UAH 643 million per month for approximately 2.5 million people.
Changes are made to the resolution of the Cabinet of Ministers No.124 of February 20, “Issues of indexation of pensions in 2019”.
Read more @Ukranews
