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Sun 1 Jan 2012 to Wed 1 Jan 2014 (Sat 31 Dec 2011 17:00 to Tue 31 Dec 2013 17:00 America/Kentucky/Monticello)

Ukraine raises retirement age for women to 60

  • By KHABIR and 1 other
  • Laast Update: 89 weeks ago
  • Ukraine

The Ukrainian parliament adopted on Thursday night July the 7th 2011 a pension reform which envisions a gradual increase of the retirement age for women from 55 to 60 years. This year, it's at 56.

The new law will come into force on January 1, 2012. The pension age for women will be raised by six months every year for the next 10 years.

The same document stipulates that the retirement age for male civil servants will increase from 60 to 62 years.

The Ukrainian government has to conduct a number of drastic and unpopular reforms in order to qualify for future payments from a $15.2 billion loan program with the International Monetary Fund.

The IMF approved a two-and-a-half year loan program for Ukraine in July last year , disbursing $1.9 billion immediately, but said each consecutive installment would be released only after concrete steps have been made by the Ukrainian government.

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