Lacking experience for retirement at 60: how to buy years and how much it will cost.

Many Ukrainians, due to pension reforms, found themselves in a situation where they lack sufficient insurance experience to retire at 60 years old.

To retire at 60 years old in 2025, it is necessary to have at least 32 years of official insurance experience. If the experience is lacking, a person can retire later or receive social assistance. Purchasing experience can be beneficial in terms of obtaining the right to retire at an age convenient for the person.

Options for purchasing experience

According to inkorr.com: Payments can be made in several ways:

• Advance payment. One can conclude a contract and gradually pay contributions. The cost of one month of experience is 1760 UAH.
• One-time payment for past periods. The amount of the unified social contribution is multiplied by a coefficient of 2, which increases the cost of a month of experience to 3520 UAH.

If a person lacks 22 months of experience in 2025 to receive retirement, they can buy them for 77440 UAH. This purchase will pay off in less than a year, while the person will receive significant financial benefits from timely retirement.

However, there are a few important points to consider:

• If the projected pension is lower than the cost of the 'purchased' month.
• If a lot of experience needs to be purchased, and the pension amount is small.
• If the pension amount will not change even after purchasing the experience.

'A sober, practical perspective considering your personal data is always needed,' emphasizes the expert. Before making a decision, it is worth carefully analyzing all possible consequences and benefits.

According to the new legislation in Ukraine, people who lack experience for receiving a pension can 'buy' missing years through special contributions. This decision can be beneficial and help ensure a comfortable retirement age.