OREANDA-NEWS. March 29, 2013. The Government will consider the finalized on commission of the President draft Law of Ukraine “On making changes to certain laws of Ukraine in terms of assignment and indexation of pensions”. This was informed by Prime Minister of Ukraine Mykola Azarov in his opening speech for the members of the Cabinet of Ministers.

Mykola Azarov informed that the draft law is called to improve an order of annual recalculation of earlier assigned pensions by means of increase of wages which were taken into account in the process of assigning pensions by a coefficient that corresponds not less than 20% of growth of average salary, as compared to the previous year, but not less than inflation growth. “It means significant improvement of pensions,” the Premier noted. “Approval of the draft law will afford to upgrade the order of assignment and indexation of pensions, to secure social justice: equal conditions of indexation of pensions depending on the law which stipulates their assignment”
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The head of Government informed that realization of such a mechanism, in connection with growth of average salary within Ukraine, out of which insurance contributions are paid, needs in 2013 expenditures to the tune of UAH 2 bln 141 mln envisaged in the budget of the Pension Fund of Ukraine for 2013.

“The Government will further follow requirements of the President in strengthening social protection of citizens,” Mykola Azarov underlined.