Pensions in Ukraine: Ukrainians will increase pensions in six stages: who and how they will be counted



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In 2021, Ukrainians will have six stages to increase pensions at once. In addition to the planned indexing, indexing is also expected in March and an increase for those who have turned 75.

This is stated in the OBOZREVATEL material. How pensions will increase in 2021:

  • SINCE January 1st the minimum pension will increase from 2,100 UAH to 2,400 UAH.

  • SINCE March 1 – pension indexation. Its parameters will be determined in February, since the index, by which the pension will rise, is calculated from the 50% growth in the previous year of wages in the country and inflation.

  • IN April An automatic recalculation of the pensions of retired workers will be carried out.

  • IN July will increase payments to pensioners aged 75, with 20 years of experience (for women) and 25 years (for men), by 400 UAH. It will affect 1 million pensioners.

  • IN July it will increase the cost of living. In Ukraine, they will recalculate all pension allowances, all overtime allowances for seniority.

  • IN December planned to review a living wage, which will also lead to increased pensions.

So, during modernization, the estimated size of the average salary for three years, on the basis of which the pension is calculated, will increase by 11%. However, only the estimated size will be increased. That is, excluding bonuses for excess seniority, additional payments for certain categories, etc.

This is due to the increase in the average salary indicator by 50% of inflation during the last year and by 50% of the growth rate of wages during the last three years.

As OBOZREVATEL reported:

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