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Pension fund deficit more than 6% of GDP, IMF mission chief warns
Journal Staff Report

KIEV, Oct. 3 – The deficit of the Pension Fund of Ukraine at the moment is more than 6% of GDP, which is one of the highest rates in the world, so the country is in need of a broad package of pension reform, said Ron Van Rooden, head of the mission of the International Monetary Fund in Ukraine.

"So what is needed is a very broad package of pension reform, that would not only look at increase of retirement age but also at tightening options for early retirement, broadening the base for social contributions," he said during a conference call on Monday, where the materials of the second review of the EFF program for Ukraine were made public.




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