Business news from Ukraine

INCREASED PENSIONS, WAGES IN BUDGET SECTOR TO BE PAID EARLY IN OCTOBER – YATSENIUK

22 September , 2015  

KYIV. Sept 22 (Interfax-Ukraine) – Ukrainian Prime Minister Arseniy Yatseniuk has said that increased pensions, wages and social benefits in the budget sector will be paid in early October.

“As of October 4, retirees will get both supplemental payments for September and increased pensions for October. Increased wages in the budget sector will be paid within the first ten days of October,” he said during the 10 Minutes TV program on Sunday.

Yatseniuk said that during the previous week, the Ukrainian parliament had secured a constitutional majority to support a government-prepared bill on raising wages and pensions.

“The average increase will be between 13% and 19%. Highly skilled personnel will see a 19% increase in wages, while retirees’ payments will grow by 13%,” he said.

“Funds [for the increased payments] will be allocated from the national budget,” he said.

At the same time, Yatseniuk said that the local budgets had sufficient amounts to pay increased wages in the budget sector as budget decentralization has let them earn additional 40% in revenue.