Pension Increase in Ukraine: Changes for 2024 and Beyond

Pension Increase in Ukraine: Changes for 2024 and Beyond

When and who will get a pension increase? From March 2024, Ukraine will provide for indexation of pensions, introducing point system in accrual. This system is intended to equalize inequalities between pensioners who retired long ago and those who retired recently. According to the law, indexation will be carried out annually from March 1. To … Read more

Extended Deadline for Pensioner Identification: New Government Decision

Extended Deadline for Pensioner Identification: New Government Decision

According to the government decision, such pensioners will have time to undergo physical identification, and can do this either at a branch of the Pension Fund or Oschadbank, or remotely, through the PFU electronic account or video identification. At first, a time period was set for pensioners from July 1 to the end of 2023, … Read more

Indexed Pensions and Changes in Payroll: Ukraine’s Efforts to Prioritize Financial Stability During the War

Indexed Pensions and Changes in Payroll: Ukraine’s Efforts to Prioritize Financial Stability During the War

Indexation of pensions during the war The legislation of Ukraine allows not to index payments during the war, but in 2023 the government found an opportunity to index pensions. In 2024, they also plan to index payments and maintain subsidies for low-income Ukrainians. “Now the average pension in Ukraine is about 5311. Another 16% should … Read more

Extension of Physical Identification for Pension and Social Benefits Recipients and Increase in Pensions in 2023

Extension of Physical Identification for Pension and Social Benefits Recipients and Increase in Pensions in 2023

The relevant resolution provides that the period for the physical identification of recipients of pension and social benefits has been extended until December 31, 2023. This applies to internally displaced persons registered before February 24, 2022. Thus, until the end of this year, even in the absence of identification, the state will not stop these … Read more

“Pension payments decrease in Ukraine for May 2023”

Ukraine, Friday 26 May 2023 09:20 Photo: payment of pensions decreased in May 2023 (Vitaly Nosach, RBC-Ukraine) The Pension Fund of Ukraine has completed financing of pensions for May 2023. UAH 57.0 billion was allocated for pension payments, which is UAH 0.1 billion less than in April (UAH 57.1 billion). According to the press service, … Read more