Retirees' money will stay in mine

Members of the largest factions of the Verkhovna Rada have proposed a five-year stretch the payment of more than 1 billion UAH of debt insurance contributions to the Pension Fund and the strategic and coal-mining enterprises. The authors of the bill does not provide assurance that in the context of financial crisis companies, taking advantage of the restructuring, will not pile up current debt and Pension Fund will be able to find new sources for the pension payments. That is why experts apprehend the debt will be written off and Pension Fund will need additional subsidies.

President of Ukrainian Society of Financial Analysts Yuriy Prozorov does not rule out that enterprises, using an instalment plan, will drag out current payments too, that is why during bill pending responsibility of management companies in such abuses should be provided. More

The source: Ъ-Ukraine