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You're reading: Pension change will impoverish elderly

The pension reform approved by the parliament in July basically offers two key changes: to increase the required length of work experience and to increase the pension age [gradually to 60 for women and 63 for men].

In other words, what we have here is an attempt to reduce the chronic state Pension Fund deficit by reducing social guarantees.

The government is citing Europe’s experience, which is also going through a stage of increasing pension age. Possibly, this is inevitable for Ukraine as well, but our country is in a very different social and economic situation.

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