OREANDA-NEWS. September 15, 2011. Pensions are financed on an amount of 8.2 billion UAH. That has provided payment of pensions for 6.1 million pensioners. This was reported by the First Deputy Minister of Social Policy of Ukraine Vasyl Nadraga.

The official noted that amount of minimum pension was increased to 764 UAH from April 1, that is for 8.2% more if compare with last year on this date. He also informed that the average pension as of July 1, is 1 205.37 UAH.

Separately, Basil Nadraga focused on pension reform, which as is known introduces in Ukraine on October 1, 2011. According to him, the adoption of pension reform - it's just one of the integrated actions of the Government aimed at improving the living standards of pensioners. In particular, on conviction of the Ministry of Social Policy, unified social contribution and tax reforms have already yielded tangible results.

"If last year the Pension Fund had deficit of 34.4 billion UAH, this year it is 17.8 billion UAH, and next year would be 2.2 billion UAH. The Ministry is considering additional proposals to reduce it to zero. And if that happens, then in 2013 we can finally start a second level of the pension reform", - Vasily Nadraga said.