Ukraine's Verkhovna Rada Passes Law Restricting Payments to Pensioners

© Sputnik / Mikhail Voskresenskiy / Go to the photo bankUkraine's parliament adopted on Monday a law restricting the payment of pensions to working pensioners until 2016, a press release on Ukraine's Verkhovna Rada website said
Ukraine's parliament adopted on Monday a law restricting the payment of pensions to working pensioners until 2016, a press release on Ukraine's Verkhovna Rada website said - Sputnik International
Subscribe
US
India
Global
Ukraine's parliament adopted on Monday a law restricting the payment of pensions to working pensioners until 2016, a press release on Ukraine's Verkhovna Rada website said.

Small Tactical Optical Rifle Mounted (STORM) Micro-Laser Rangefinder - Sputnik International
Russia Slams Finland for Decision to Supply Laser Rangefinders to Kiev
KIEV (Sputnik) — It also stipulates the cancellation of payment of special pensions for working members of parliament, judges and state employees.

In compliance with the law, the working pensioners will be paid 85 percent of their current pensions, but not less than the subsistence wage for those who have lost ability to work. To date, a subsistence wage in Ukraine is about 949 hryvnias per month ($34).

Aidar - Sputnik International
Nationalist Aidar Unit Reorganized As Assault Battalion of Ukraine's Army
According to Ukrainian Prime Minister Arseniy Yatsenyuk, the restriction of pensions will not affect working pensioners whose pension is less than 1,500 hryvnias ($55).

The adoption of this law is necessary for receipt of a new loan program of the International Monetary Fund (IMF).

In mid-February, the IMF announced $17.5 billion loan for Ukraine designed to support its budget. Under the deal, Kiev will have to cut spending, restructure its banks and take measures to tackle corruption.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала