You're reading: Tigipko: Government ready to limit maximum size of pensions

The government of Ukraine is ready to make a number of amendments to the draft pension reform bill, Ukrainian Vice Premier and Social Policy Minister Sergiy Tigipko has said.

"There is no alternative to pension reform in Ukraine today. We have to implement pension reform, and I think the sooner [we do this] the better," he said during parliamentary hearings on pension reform on Feb. 16.

He also stressed that the government is ready to make a number of amendments to the draft pension reform bill, and added that such proposals have been discussed with Ukrainian Prime Minister Mykola Azarov.

According to Tigipko, it is proposed to limit the maximum pension to the level of twelve minimum pensions. He added that this norm should affect both newly granted pensions and pensions fixed before the pension reform, and all pensioners living in Ukraine. The vice premier said that this proposal was made at all meetings held by the working group on pension reform.

Tigipko also said that the government supports the idea of extending one-time retirement payments to employees of the education, medicine and social spheres.