UKRAINIAN PARLIAMENT ENACTS INFLATIONARY PENSION LAW.
Publication: Monitor Volume: 3 Issue: 188
The Ukrainian parliament yesterday overrode President Leonid Kuchma’s veto of changes to the pension law. The parliament’s decision more than doubles the old-age pension minimum to 71 hryvnya monthly, equal to the subsistence minimum; and it instructs the government to increase the Pension Fund’s revenues, without suggesting how. Just before the vote, Kuchma and government representatives had warned the parliament that its measure is "unrealistic," inflationary, and apt to further increase the budget deficit. (DINAU, October 9)
Duma to Decide Next Week on No-Confidence Vote.