The Government of Ukraine has introduced the draft pension reform, which includes increasing of the retirement age, instead it lays the foundation for the restoring of social justice, improved pension rates and the deficit-free budget of the Pension Fund, and expresses commitment to start the realization of it as soon as possible.

This was stated by Prime Minister of Ukraine Volodymyr Groysman during a meeting with the European Business Association members. The leaders of the EBA Tomas Fiala and Anna Derevyanko noted the immediacy of the government's proposals and stressed the need for their implementation.

"It’s impossible to ensure economic growth taking into account the burden of the [pension – ed.] system that we have now. Therefore, we have presented a project of reform and it is crucial to embark on its immediate implementation", said the Head of Government.