KIEV, March 3 – Parliament has cut pensions to employed retirees by 15% through January 1, 2016.

A total of 238 lawmakers supported the relative bill at the parliamentary session on Monday. The bill was endorsed at the fifth attempt.

Social Policy Minister Pavlo Rozenko said the urgent measures were taken since the Pension Fund of Ukraine is short of UAH 80 billion for a timely payment of pensions to Ukrainian pensioners.