OREANDA-NEWS. April 27, 2012. Bodies of the Pension Fund of Ukraine are working on the implementation of social initiatives of the President of Ukraine Viktor Yanukovych in the field of pension maintenance. The chairman of the Pension Fund Borys Zaychuk said this during a briefing for journalists, which preceded the Government's "hotline" in the Cabinet of Ministers of Ukraine Building.

The Cabinet of Ministers adopted a decree "On increasing the level of social protection" and "On increasing pensions, appointed under the Law of Ukraine" On pension security of persons discharged from military service and certain other persons" which focused on the implementation of social initiatives of the President of Ukraine Viktor Yanukovych to enhance the level of pensions.

Specified regulations provided, inter alia, from May 1, 2012 to implement modernizing wage for the calculation of pensions for those who retired before 2008.

The modernizing will be held before the average salary for 2007 for those who have pensions calculated in accordance with the laws of Ukraine "On Compulsory State Pension Insurance", "On scientific and technical activities", as well as former conscripts and their families, who receive a pension under the Law of Ukraine "On pension security of persons discharged from military service, and some others."

Quite significant will increase as a result of modernizing the pensions of miners, chemists and scientists.

For all retirees who receive pensions and have insurance period women - 20 years old, male - 25 years, regardless of the time of retirement, the amount of increase in pensions as a result of the recalculation can not be less than 100 UAH.

For retirees who have a shorter duration insurance period, the amount of increase will be not less than 50 UAH, and the recipients of social pensions - 30 UAH.