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In Ukraine as of January 1, 2021 the minimum pension for those meeting the seniority requirements was increased by 400 UAH.
This is established in the Law “on compulsory national pension insurance”. So, every pensioner who has already reached 65 years of age, if he has the necessary experience, is entitled to a payment, the amount of which is at least 40% of the minimum wage. In connection with the increase in the minimum wage from 5 to 6 thousand UAH the guaranteed amount of the pension will increase from 2 to 2.4 thousand UAH.
Note that by law, a retired woman must have at least 30 years of experience and a man 35 years. In addition, they will continue to pay an additional 500 UAH to retirees who have already turned 80. There is a separate rule for them: if they have 20 years of experience for women and 25 years of experience for men, should receive at least 2.6 thousand UAH.
Note that as OBOZREVATEL already reported, the pension increase in March should be around 11%. For example, with a pension of 3.5 thousand hryvnias, the amount of the increase can be about 385 hryvnias. If the decision is postponed from March, for example, to December, the Ukrainians will lose 3.4 thousand UAH.
Earlier OBOZREVATEL wrote in detail about what the pension reform of the Cabinet of Ministers will look like and why the situation with the payment of pensions in Ukraine will get worse every year.