You're reading: IMF has no strict requirements on pension age in Ukraine

An increase in the pension age is one of the components of pension reform that will bring revenues to the Pension Fund, MP Oleksiy Plotnikov of the Regions Party has said.

"The carrying out of pension reform is one of the IMF’s requirements. The IMF did not strictly set the pension age. For [the IMF], the fact of carrying out pension reform is recognized as the fulfillment of Ukraine’s obligations," the Regions Party press service cited the MP as saying on June 3.

Commenting on the issue of the increase in the retirement age, Plotnikov said that this is one of the components of pension reform, and "in this case it is considered as a necessity, one of the steps for bringing revenues to the Pension Fund and implementing pension reform in general."

"For Ukraine the main thing is to carry out pension reform, and the government will choose a plan, and then the Verkhovna Rada has to support it," the MP said.