Ukraine ready to increase retirement age for women to fulfill IMF requirement.

By bne IntelliNews August 10, 2010
The Ukrainian authorities should in 2011 launch the procedure for increasing the retirement age for women to 60, reads a memorandum of cooperation between Ukraine and the International Monetary Fund (IMF) posted on the fund's official website. The retirement age for women should be increased by six months every year. The memorandum says that the proposed pension age limit may seem low compared to other countries, as life expectancy in Ukraine is very low - 61 for men and 73 for women. It is planned to change by next year the base for the 1% increase for every additional year worked over 20/25 years for women/men (from total pension to the base pension).

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