Disability or Age Pension: How to Get One Thousand Hryvnias More.

According to ТСН: Persons with disabilities continue to receive their payments, but they do not always know that there is a possibility to significantly increase them. This is not just about temporary assistance or a one-time payment, but about changes in the mechanism for calculating the monthly pension, experts say.

The Essence of the Recalculation

The main way to legally increase payments is to switch from a disability pension to an age pension. This is provided for by current law.

The advantage of this transition is that updated average salary figures in the country are used during re-registration. Due to the increase in the level of official salaries in Ukraine, the updated data may lead to an increase in the amount of the pension. This often means that the monthly income of the pensioner can increase by one thousand hryvnias or more.

Why It's Important to Show Initiative

Pension experts emphasize that the transition to an age pension does not happen automatically. Many people receive significantly less than they could simply due to not submitting a personal application. The state does not change the type of pension provision without the person's initiative; therefore, it is important to contact the territorial body of the Pension Fund.

Who Benefits from Transitioning to an Age Pension

The most benefit from the transition will be received by persons with disabilities who have significant insurance experience and are approaching the official retirement age. Updating the figures in the calculation formula will ensure the maximum increase in the pension, turning ordinary payments into real financial support.

Who Has the Right to Transition from a Disability Pension to an Age Pension

• According to the explanations of the Pension Fund of Ukraine, all categories of persons with disabilities have the right to transition.

• For the recalculation to take place, it is necessary to have official employment for at least two years before applying to the institution.

Experts emphasize that the recalculation process is not initiated by government agencies automatically. To change the mechanism of pension accrual, the pensioner must independently submit a written application to the appropriate territorial department or through the electronic services portal.

Thus, persons with disabilities have a unique opportunity to improve their financial situation by activating the process of transitioning to an age pension. This will help them receive larger payments, which will undoubtedly positively impact the quality of their lives. It is important not to miss this opportunity and take advantage of the right to recalculate their pension.