In Ukraine pension to be formed by new principle

According to Minister of Social Policy Andriy Reva, the pension reform is designed for the future and aims to establish clear rules by which people would retire on pension after 30 - 35 years. The official also spoke about the basic principles of the pension reform, on which the Cabinet insists while developing the relevant bill and in negotiations with partners. He said the resource to cover the deficit of the Pension Fund should become raising funds removed from the shadow economy rather than increase of the retirement age, which will negatively affect the conscientious payers of the single tax.