KIEV, May 18 – Ukraine's Cabinet of Ministers seeks to initiate the introduction of the single average wage sum for accruing pensions of UAH 3,764.40, Prime Minister Volodymyr Groysman said at the presentation of the draft pension reform at a government meeting on Wednesday.

According to the presentation, the bill proposes that a new formula for accruing pensions is introduced from October 1, 2017 using the common approach for existing and new pensioners using average wage of UAH 3,764.40.