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Ukrainians balk at IMF demand to lengthen pension requirements
Journal Staff Report

KIEV, Feb. 1 – The International Monetary Fund has demanded that Ukrainians contribute to the system for at least 25 years before becoming eligible to receive pensions, but this is not in line with Ukraine's international liabilities, Ukrainian Social Policy Minister Andriy Reva said.

"Since 2011 we set the minimum record at 15 year. Now the IMF demands to make it 25. We say "no."

We have the ratified international convention of the International Labour Organization (ILO). It says that the countries that ratified it guarantee that persons who for at least 15 years contributed to the pension system are to have the right to receive pensions," the minister told reporters after a government meeting on Wednesday.




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