OREANDA-NEWS. March 27, 2012. In accordance with the law, pensions will be increased due to the growth of wages in Ukraine. The decree on the implementation of the next calculation of pensions Cabinet of Ministers adopted.

In accordance with Government’s regulation pensions’ increase will be performed from March 1, in connection with the growth of average wage of staff member in Ukraine for 2011 year which is equal to 20 % of paste of growth in average wages staff member in Ukraine over the previous year. So, it was set the appropriate rate increase - 1, 0352 (corresponding to the said 20% growth).

To implement this document we need approximately 2 billion UAH, which were provided by the state budget for the current year.

Recalculation will be conducted to the citizens in accordance with the provisions of the laws "On Mandatory State Pension Insurance", "On the scientific and technical activities", "On the status and social protection of citizens affected by the Chernobyl disaster", "On pensions for persons released from military service, and some others".