OREANDA-NEWS. September 08, 2011. The adoption of the pension reform will make the pension system viable and will provide a stable payment and increase of pensions. It was declared by the Vice Prime Minister - Minister of Social Policy Sergiy Tigipko to journalists in Kyiv.

“It is very important for Ukraine. It is a guarantee that the Pension Fund budget will be stable and pensions will be stably paid. We have laid the trend of effective work of pension system”, - the Vice Prime Minister underlined. The official has added that according to forecasts in 2012 budgeted deficit the PF will constitute 2,2 billion UAH against 17 billion UAH in the present.

According to Sergiy Tigipko, now it is necessary to strengthen the pension reform by legalization of a labour market and salaries which, in particular, will allow increasing considerably receipts in funds. The corresponding legislation has been prepared by the Ministry of Social Policy. “If we can carry out the law on legalization of wages, we can reach a deficit-free the Pension Fund and move to increase pensions”, - the official told.

Sergiy Tigipko also has reminded that the Ministry for Social Policy has already prepared the draft law on “modernizing” of pensions, providing recalculation of pensions on the basis of more actual indicators of an average wages. It will allow increasing payments for 60 % of pensioners.