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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.
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Minimum wage, pension and maintenance allowance to be increased in Ukraine today The minimum wage and a pension in Ukraine to be raised up to 1,378 hryvnia (about $60) and 1,074 hryvnia (about $47) respectively starting from today, Sept 1. 244 732 506
"All DPR Residents Are Citizens of Ukraine" - Terrorists Demand Kyiv to Pay Pensions The public representatives of the so-called "Donetsk People's Republic" are outraged that Ukraine does not pay pensions and social benefits on the territories, which the militants have captured and destroyed treasury and banking systems there. 226 357 1 427
Pension fund bankrupt, lacking 80 billion hryvnia for pensions – Social Policy Minister Rozenko The Pension Fund lacks 80 billion UAH for payment of pensions in the amount existing today. 171 886 1 102
Daily Life in LPR: Terrorists Broke Up Rally by Firing Guns In Brianka of the Lugansk region, which is temporarily under the control of terrorists, the local residents held a rally regarding the four-month delay of pension payments on the square near the local government office. 144 540 407
PM Hroisman says pension growth possible in October. TABLE (in Ukrainian) The Cabinet of Ministers offers to raise pensions from Oct. 1, 2017. 140 158 178
Pension should be earned, not aged to, - Social Policy Minister Reva Ukraine should return to unified rules of pension payments stipulating for their dependence on Pension Fund premiums paid by citizens. 121 799 826
Cabinet changes rules for calculation of subsidies for unemployed pensioners Calculation of subsidies for unemployed pensioners should be based on their income for the month preceding the application rather than for the previous year, the Cabinet has ruled. 114 862 122
PM Hroisman critisizes Ukraine's pension system, calls it 'tragic' Decreasing the deficit of the Pension Fund and increasing the size of pensions is a strategic task for the government in 2017. 112 984 294
Retirement age in Ukraine should be increased starting with subsidized households, - IMF official We’ll need to start with an increase in the retirement age of a number of groups that are exempt at the moment from the general retirement, that have special privileges on the retirement age. 111 725 337
Residents of Occupied Donbas Line Up for "Ukrainian" Pensions The residents of the occupied territories of the Donbas are lining up at the buildings of pension funds and social security to file for pension. 110 618 612
IMF proposes to raise retirement age in Ukraine, - Social Policy Minister Rozenko Ukrainian authorities insist on introduction of pension savings funds. 98 904 628
Bill on pension reform published, comes into effect tomorrow: pension increase will be effective from Oct. 1 The bill on amending certain legislative acts of Ukraine regarding increase of pension payments was published in Holos Ukrainy governmental newspaper on Tuesday. 81 961 230
If you don't have 15 years of pension insurance record, you get no pension payments. 20,000 people have been affected so far, - Social Policy Minister Reva About 20,000 people in Ukraine do not receive pension payments over lack of minimum required 15 years of insurance record. 81 863 445
Minister Jaresko elaborated on salaries and pensions in 2016 The Ministry of Finance plans to raise the minimum wage and the living wage by 12.5 percent in 2016 in two stages, on May 1 and on Dec. 1, Minister of Finance Natalie Jaresko said presenting the 2016 draft budget in the Verkhovna Rada. 81 549 176 Previously in trend: Budget 2013
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
Poroshenko signed bill on pensions increase President of Ukraine Petro Poroshenko has signed the bills within the pension reform. 73 310 785
IMF Memorandum demands freezing minimum wage for three years, - Reva The government is allowed to increase pension payments but cannot raise salaries. 66 021 189
Cabinet increasing minimum pension to 1,452 hryvnia, - Vice PM Rozenko Effective Oct. 1, a minimum monthly pension will be increased up to 1,452 hryvnia ($55), not 1,373 hryvnia, as planned earlier. 65 244 359
All pension taxes paid by retirees should be taken into account upon retirement, deputy prime minister says Vice-Prime Minister of Ukraine Pavlo Rozenko says that pension accounting should include all contributions by each person to the Pension Fund, not only those made after 2000. 64 354 128
Constitutional Court cancels limit on lifetime payouts to judges On Friday, June 10, the Constitutional Court of Ukraine issued its judgement on constitutional submissions by the Supreme Court regarding the constitutionality of certain provisions of the law on judicial system and status of judges of July 7, 2010 No. 2453-VI as well as the provisions of paragraph 5, section 3 of the final provisions of the law of Ukraine on amendments to certain legislative acts of Ukraine on retirement of March 2, 2015 No. 213-VIII. 63 369 203
Ukraine’s pension system on the brink of collapse, social policy minister says Ukrainian Minister of Social Policy Andrii Reva believes the domestic pension system is heading for a large-scale disaster. 62 323 345
Ukraine to see minimum pension raised by 10 percent Dec. 1, - Rozenko A 10 percent increase in the minimum pension is scheduled for Dec. 1, 2016. 62 095 259
"LPR"-employed judge Kravchenko claims Ukrainian retirement benefit. PHOTO Judges-collaborators, who violated the oath and chose to serve for the terrorist "LPR," persist in trying to keep their right to retire on general grounds stipulated by the Ukrainian legislation. 61 850 139
Ukraine’s PM: We plan to increase pensions by 10 percent in 2017 Prime Minister of Ukraine Volodymyr Hroisman says Pension Fund shortfall reduction is the Ukrainian government’s key task, and the Cabinet plans to increase pensions by 10 percent in 2017. 54 944 391
Appeals court unfreezes Azarov’s retirement account: fugitive ex-PM to receive over 17,000 hryvnia monthly The court lifts attachment from the pension account of former Ukraine’s Prime Minister Mykola Azarov. The lawyers assured judges that the fugitive official had nothing to live on anymore. 52 484 401
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
Ukraine still pays pensions to some of Luhansk People’s Republic leaders Despite the catastrophic state budget deficit and economic austerity regime proclaimed by the government, Ukraine continues to pay pensions to some of the LPR terrorists. 49 085 152
Pensions of up to 350,000 Ukrainians to be exempted from taxes, vice prime minister says Tax exemption of pensions stipulated by the government’s decision from May 1 will be applied to about 350,000 Ukrainian citizens. 48 806 70
Pension system to disintegrate in decade at most unless steps taken, - Minister Reva Ukraine is faced with the collapse of its pension system unless necessary measures are taken to deal with the situation. 47 368 368
Retirement age in Ukraine will not be increased - Head of Pension Fund The government does not consider it necessary to increase the retirement age of Ukrainians to 65 years. 46 641 80
Taxation of pensions cancelled in Ukraine starting July 1, - Vice PM Rozenko Starting from July 1, taxation of pension payments has been canceled in Ukraine. 46 366 124
Funded pensions to be introduced in 2016, while insurance system remains, - Minister Rozenko This year's main task in reforming the pension system in Ukraine is introduction of funded pensions with the preservation of the insurance principle. 46 255 274
List of jobs giving right for early retirement to be expanded, - PM Hroisman The pension reform proposed by the government provides for the expansion of the list of occupations that give the right to early retirement. 45 862 56
Ukraine-IMF Memorandum has provisions on pension reform and land market, - Finance Minister Danyliuk The renewed text of the IMF Memorandum on Ukraine that was signed last week includes items on the pension, land, bank, and other important reforms. 42 542 135 Previously in trend: Land reform
Court orders Pension Fund to resume pension payment to Azarov, - Ukraine’s vice PM. DOCUMENT (in Ukrainian) The Pension Fund has filed an appeal against the court's decision on the resumption of the retirement benefit payment to ex-Prime Minister of Ukraine of Yanukovych tenure Mykola Azarov. 41 811 204
Pension Fund gap is 145 billion hryvnia and tends to increase with every passing year, Ukraine’s PM says The Cabinet’s task is to provide a fair pension coverage system that would ensure an adequate level of social support for Ukrainian citizens and overcome the pension funding shortfall. 41 216 258
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
Ukraine still pays pension to former Prosecutor General Pshonka. DOCUMENT Ukraine continues to allocate funds to pay the retired former Prosecutor General Viktor Pshonka, who is on the international wanted list on suspicion of financial crimes and massacre. 40 314 195
Ukraine said no to IMF’s proposal on retirement age raise, - social policy minister The government of Ukraine was able to convince the International Monetary Fund (IMF) in the absence of burning issue to raise the retirement age for Ukrainians up to 63. 39 439 117
"Ukraine will not finance terrorism and pay pensions to militants who fire at our guys," - Vice Prime Minister Rozenko on social payments at occupied territories Ukraine will be able to fulfill all of its social obligations to people who remain in temporarily occupied territories after full implementation of the Minsk agreements. 38 525 214 Previously in trend: Occupied territories - Crimea and Donbas
Ukraine’s Finance Minister does not rule out possible retirement age increase during forthcoming pension reform The Minister of Finance of Ukraine Oleksandr Danyliuk does not rule out a possible increase of the retirement age as part of the upcoming pension reform in Ukraine. 38 435 133
8.5 million retired Ukrainians receive pension payments at living wage, - Social Policy Minister Reva Out of 12 million Ukrainian retirees, 8.5 million receive pension payments in the amount of living wage. 38 144 154
Pensions increase affected 10.2 million people, average payment up by 560 hryvnia, - Social Policy Minister Reva Social Policy Minister Andrii Reva told the parliament members about the pension reform implementation. 37 489 305
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
Rada allows combatants taking early retirement The Verkhovna Rada of Ukraine authorized granting early pensions to military who were directly involved in the anti-terrorist operation (ATO) in the Donbas. 35 273 35
All assignments of special pensions will be stopped effective June 1 - Rozenko Effective June 1, 2015 assignments of special pensions to deputies, ministers, judges,prosecutors, customs officers, fiscal officers and other civil servants will be stopped. 35 169 144
Residents of Terrorist-Held Cities Start Protesting and Demand Pensions and Humanitarian Aid Residents of several cities and towns in the Donbas held by pro-Russian terrorists are planning protests demanding the self-proclaimed authorities to ensure the payment of pensions and distribution of humanitarian aid. 33 798 368 Previously in trend: Russian aggression against Ukraine
"We Haven’t Seen any Money for Three Months, but Shells do not Fall on Our Heads Anymore" - Cities Without Militants Return to Normal Life. VIDEO People return to usual peaceful life in the areas liberated from the terrorists. Barricades are taken from the streets. Infrastructure facilities and urban services resume their work. 32 178 107
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