Ukraine considers handing state retirement funds to private managers

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UKRAINE - Ukraine plans to let private pension managers oversee some state retirement funds in 2012 to help cut the budget deficit and spur economic growth, said Labour and Social Policies Minister Vasyl Nadraha.

The Cabinet may let pension funds manage as much as 7% of the money withheld from worker paychecks, which is expected to equal 30bn hryvnia ($3.8bn), this year, Nadraha said yesterday in an intervi...

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