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Ukraine is gearing up for a comprehensive pension reform set to revolutionize the pension calculation system. The reform aims at ensuring a more sustainable and fair financial support for retirees. In addition, President Zelenskyy has announced that pensions will see an indexation of more than 12% by March, impacting over ten million pensioners favorably. Furthermore, the government is considering raising the minimum pension to 6,000 hryvnias, reflecting a commitment to enhance living standards amid economic challenges. Such decisive actions underscore the government's commitment to ensuring financial stability for Ukrainian pensioners.
What changes are expected in Ukraine's pension system reform?
The upcoming reform aims to completely overhaul the pension calculation system, enhancing fairness and sustainability. It includes updates that ensure financial security for retirees and caters to an equitable distribution of pensions. This landmark reform reflects the government's commitment to improving the financial stability of its aging population.
How much will Ukrainian pensions increase in the upcoming indexation?
In March, pensions in Ukraine are expected to be indexed by more than 12%. This significant increase will provide enhanced financial support to over ten million pensioners, reflecting the government's commitment to improving living conditions for its elderly population.
What steps is Ukraine taking to improve pension payments?
Ukraine is preparing to raise the minimum pension to 6,000 hryvnias, alongside indexing pensions by more than 12%. These initiatives are part of broader reforms aimed at providing retirees with more financial security and improving overall pension distribution.
Are there any special pension provisions for certain professions in Ukraine?
Yes, certain professions, such as government prosecutors, may receive special pension benefits based on their service length and other criteria. This includes disability pensions for qualified individuals, aiming to provide tailored support for those in demanding public service roles.
What is Ukraine's plan for addressing fiscal challenges related to pensions?
Ukraine is tackling fiscal challenges by introducing defined contribution pension systems and ensuring comprehensive reforms. These initiatives aim to create a balanced approach to pension funding, accommodating current economic realities while safeguarding future pension payments.
How has the Ukrainian government addressed pension issues related to international support?
The Ukrainian government has clarified that, even amidst potential delays in international financial assistance, funds will be secured for basic pension needs. However, indexation plans may require adjustments, indicating the government's proactive stance in managing external economic dependencies.
News pension
Ukraine received $841 million from World Bank under Canadian guarantee: funds will be allocated to pensions, - Koretskyi Ukraine has secured $841 million from the World Bank under guarantees from the Canadian government. The government is allocating the funds to reimburse the state budget for pension payments. 1 410 31 Previously in trend: Support programs
World Bank to provide Ukraine with $841 million for pension payments under Canadian government guarantees – Koretskyi Ukraine will receive $841 million from the World Bank under guarantees provided by the Government of Canada. The funding will be directed towards covering state budget expenditures related to pension payments. 1 591 27
Ukraine plans to completely change pension calculation system Ukraine is preparing a major pension reform that would completely overhaul the pension calculation system. 17 654 120 Previously in trend: Pension Reform
Pensions will be indexed by more than 12% in March, - Zelenskyy In March, Ukraine will see another annual indexation of pensions for more than ten million pensioners. The increase will amount to more than 12%. 4 517 57
Government plans to raise minimum pension to 6,000 hryvnias, - Uliutin Pension payments in Ukraine are planned to be increased to 6,000 hryvnia - the government is already working on a corresponding initiative. 6 897 52 Previously in trend: Pension Reform
Former head of Mykolaiv Regional Prosecutor’s Office Kazak registered as disabled, sued for pension and left for Sweden, - media Former head of the Mykolaiv Regional Prosecutor's Office Dmytro Kazak, while abroad, won a pension of over 156,000 hryvnias in a Ukrainian court. 40 775 167 Previously in trend: Fake disability Pensions for prosecutors Prosecutors’ wealth
Pensioner from Yarova after Russian air strike: "Some people were torn in half". VIDEO Liubov Lazorenko, a resident of the village of Yarova in Donetsk region, who survived the Russian air strike, told in the hospital about the first minutes after the attack. 7 969 37 Previously in trend: Russian strike on Yarova in Donetsk region
6 prosecutors under 40 receive pensions. All thanks to legal collision - media A significant number of prosecutors retire before the age of 50 due to benefits provided by law. 5 509 51 Previously in trend: Pensions for prosecutors
Poltava prosecutor Pleskach wins court case for special pension: received over 1 million for less than a year - media Oleh Pleskach (42), a former first deputy prosecutor and current employee of the Poltava regional prosecutor's office, succeeded in court in obtaining a special pension for his length of service. The amount of the pension is 90% of his salary. 15 285 111 Previously in trend: Pensions for prosecutors
Zelenskyy announces 11.5% pension indexation in March. VIDEO In a video address, President of Ukraine Volodymyr Zelenskyy announced the indexation of pensions from March. 5 332 74
Zelenskyy announced pensions indexation from March 1 President of Ukraine Volodymyr Zelenskyy announced the indexation of pensions from March 1. 9 464 77
Head of Odesa RSA Administration Kiper receives pension. DOCUMENT Oleh Kiper, the head of the Odesa RSA, receives a long-service pension from the prosecutor's office. The information that Kiper receives an increased pension for health reasons is not true. 17 400 63
SBI Director Sukhachev received pension until August 2014. DOCUMENT Oleksii Sukhachov, director of the State Bureau of Investigation, has not received a long-service pension since August 2024, according to an application he submitted to the Pension Fund. 78 778 50
Two prosecutors with disabilities work in Chernivtsi Regional Prosecutor’s Office. DOCUMENT Two prosecutors with disabilities work in the prosecutor's office of Chernivtsi region. 9 772 18
6 prosecutors with disabilities work in Rivne Regional Prosecutor’s Office. DOCUMENT The Prosecutor's Office of Rivne region employs 6 people with disabilities as prosecutors. 2 758 33
In Mykolaiv Regional Prosecutor’s Office, 5 employees receive disability pensions. DOCUMENT In the prosecutor's office of Mykolaiv region, 5 employees receive a disability pension. 7 163 6
12 prosecutors receive disability pension in Kharkiv Regional Prosecutor’s Office. DOCUMENT In the prosecutor's office of Kharkiv region, 12 prosecutors receive a disability pension. 1 804 8
16 prosecutors with disabilities work in Kirovohrad region’s prosecutor’s office. DOCUMENT There are 16 prosecutors with disabilities working in the Kirovohrad Regional Prosecutor's Office. 16 710 25
Six heads of prosecutor’s offices resigned, they received increased pensions - Kostin Five heads of regional prosecutor's offices and the head of one of the specialized defense prosecutor's offices have written letters of resignation. 6 772 58
MIA Minister Klymenko receives pension Head of the Ministry of Internal Affairs (MAI) Ihor Klymenko received UAH 224,998 in pension in 2023. 22 443 123
Cabinet of Ministers has approved Pension Fund budget for 2024: Expenditures will increase by 92 billion The Cabinet of Ministers has approved the budget of the Pension Fund of Ukraine for 2024. 103 0
Cabinet plans to submit draft laws on defined contribution pension system in September - Zholnovych The Ministry of Social Policy has finalized a draft law on a professional defined contribution pension system. It can start working in 2026. 4 426 30
Situation with pension benefits is critical, there are not enough resources to increase pensions - Zholnovych Due to the fact that a large number of Ukrainians have moved abroad, the number of unified social taxpayers in Ukraine is already lower than the number of pensioners. Therefore, the state lacks the resources to increase payments. 73 0
In March, pensioners will receive increased payments, pensions will grow by 8% - Shmyhal Starting March 1, all pensioners in Ukraine will receive increased payments. 4 093 51
Starting March 1, each pension will increase on average by UAH 322 - Ministry of Social Policy Starting from March 1, 2024, pension expenditures will increase by an average of UAH 3 billion per month. Funds for pension indexation are provided for in the budget. 6 514 76
Half of Ukrainian pensioners receive up to UAH 4000 – Opendatabot. INFOGRAPHICS At the beginning of 2024, there were more than 10 million pensioners in Ukraine. 51% of them receive pensions of less than UAH 4 thousand. The average pension amount is UAH 5,385. 6 822 62
If West stops helping, there will be enough money for pensions. On indexation - not fact, - Minister of Social Policy Zholnovych The government of Ukraine may cancel the indexation of pensions planned for March 1 in the event of a delay in financial assistance from the West. But there will be enough funds for the basic pension. 5 928 50
Ukraine is reforming pension and social security system, - Memorandum with IMF In the letter of intent to the IMF leadership (Memorandum), the Ukrainian authorities undertook to reform the pension and social security system. 9 829 104
Pension indexation will begin on March 1, - Shmyhal Indexation of pensions in Ukraine will begin on March 1. 10 879 87
In Ukraine, pensions of more than 10 million Ukrainians will increase from March In 2023, pensions for Ukrainians will be increased. As early as this March, the government will index pensions by 20%. 10 078 95 Previously in trend: Russian aggression against Ukraine
Spouses of pensioners in Kherson transferred their pension from occupiers to needs of AFU In temporarily occupied Kherson, spouses of pensioners transferred the pension received from the occupiers to the needs of the Armed Forces of Ukraine. 6 097 21
Participant in fighting in Donbas, Dubovyk, cannot receive pension for 3 years despite court decisions. VIDEO&PHOTOS. VIDEO&PHOTOS Andriy Dubovyk (Sensei), a volunteer and lieutenant colonel of the Special Operations Center "A" of the Security Service of Ukraine, cannot receive his pension for three years, when he performed combat missions during the anti-terrorist operation in 2014-2016. 9 568 18
Ukraine’s pensions to grow from Dec. 1 Due to the increase in the living wage, pensions and some social benefits in Ukraine will grow from December 1, 2020. 26 583 90
ECHR rules in Ukraine's favor in claim on pension payment in ORDLO The European Court of Human Rights (ECHR) ruled in Ukraine's favour in the case of a group of pensioners from Luhansk, who at the end of 2014, filed a lawsuit against the Cabinet of Ministers of Ukraine, saying that since 2014 the government has stopped paying them pensions without any legal grounds, Ukrainian Deputy Justice Minister, Government Commissioner for the European Court of Human Rights Ivan Lischyna said. 20 868 114 Previously in trend: Occupied territories - Crimea and Donbas
Draft budget for 2020 to allocate UAH 173 bln for pensions, UAH 113.3 bln for medicine Bill on the national budget of Ukraine for 2020, prepared by the government for second reading, envisages UAH 293 billion for social aid and UAH 113.3 bln for medicine, Prime Minister of Ukraine Oleksii Honcharuk has said. 6 072 29 Previously in trend: Budget 2020
Funds from customs clearance of cars registered abroad to be used for indexation of pensions, - Poroshenko President Petro Poroshenko called on car owners with foreign registration to take advantage of the last days of the grace period for legalization of these vehicles. This will not only fill the Pension Fund budget directly, but also allow the indexation of pensions, the president emphasized. 7 348 262
Average salary in Ukraine should amount to UAH 10.1 thousand in 2019, - Poroshenko Ukraine President Petro Poroshenko says that in 2019 the average salary in Ukraine should make 10 100 UAH (approx. $360). 11 831 341
"I demand to stop dismissing postmen and ensure pensions delivery," - Poroshenko at meeting with postal service chief. PHOTOS Meeting with Infrastructure Minister Volodymyr Omelian and Director General of Ukrposhta PJSC Ihor Smilianskyi, President Petro Poroshenko ordered to ensure the delivery of pensions, stop the dismissal of postmen and save the departments in the countryside. 7 433 121
Social policy minister vows Ukrainian pensioners to see their payments recalculated in March Pensions indexation in 2019 will be carried out no earlier than March since data on inflation and wages will be known around mid-February. 49 193 155
Lozhkin: "Righteous People of My City project to be launched in Ukraine" The launch of a large-scale project "The Righteous people of my city" is planned in Ukraine to commemorate the memory of saviors of Jews during the Holocaust. 143 0
Pensions of 1 million Ukrainians to be increased from July 1, Deputy Prime Minister Rozenko says Deputy Prime Minister Pavlo Rosenko says those pensioners who receive subsistence rate-based payments will have their pensions increased from July 1. 25 841 88
Pension Fund finished reviewing pensions of retired military, vice prime minister says Ukraine’s Pension Fund has completed the recalculation of pension payments of 544,000 retired military personnel. 11 378 42
PM Hroisman: 498,000 retired military to have their pension payments increased The government decision to increase servicemen’s pension payments concerns 498,000 retired military. 23 823 111
PM Hroisman promises highest pensions for Ukrainian troops fighting in Donbas Prime Minister Volodymyr Hroisman says all servicemen who took part in combat operations in the occupied Donbas will have considerable increase in pensions. 37 175 193
Social policy minister: retired military to have their pensions reviewed retroactively in three stages from Jan. 1, 2018 Recalculation of military pensions will be carried out retroactively from January 1, 2018. Revaluation will be implemented in three stages after adoption of the law on the pension coverage of the retired military personnel. 19 834 114
IMF expects Ukraine authorities to amend anti-corruption court bill, pension reform, - spokesperson Rice The International Monetary Fund (IMF) expects the Ukrainian authorities to amend the bill on the high anti-corruption court for its second reading and revise the bill on pension reform. 5 671 70
Ukraine’s government seeks raising pensions of persons with long employment service, Deputy PM Rozenko says Ukrainian government develops a mechanism to increase pensions to those who have a long labor experience. 19 298 156
Military pensions to be increased by at least 1,500 hryvnia next year, PM Hroisman says Ukraine's government set to raise pensions of servicemen on average by 1,500 hryvnia (around $55) starting from Jan. 1, 2018. 20 646 224
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