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Ukrainian president orders recalculation of pensions as of May 1

March 08, 2012, 6:50 UTC+3
"Nearly nine million pensioners who had retired before 2008 are to be getting an extra 12.5 dollars a month,” Yanukovich told
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KIEV, March 8 (Itar-Tass) —— Ukrainian President Viktor Yanukovich has instructed the government to recalculate pensions as of May 1.

“I am instructing the government to recalculate pensions step by step as of May 1. Nearly nine million pensioners who had retired before 2008 are to be getting an extra 12.5 dollars a month,” Yanukovich told the Cabinet on Wednesday.

“We must make a public pledge to raise the social standards. And we should start with the least protected groups of the population. We have raised pensions nearly 40 percent. That is not enough,” Yanukovich said.

 

 

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