Hetmantsov reported on the real growth of pensions amid inflation.

Pension growth amid inflation
Pension growth amid inflation

The head of the tax committee of the Verkhovna Rada, Danylo Hetmantsov, published a report on pension payments in Ukraine. According to him, the average pension increased by 9.4% compared to last year, but the real growth was only 0.7%. The average pension amounts to 5,851.9 UAH, and the distribution of pensioners by payment level shows that 25.8% receive up to 3,000 UAH, 35.9% from 3,001 to 5,000 UAH, 25.6% from 5,001 to 10,000 UAH, and 12.7% over 10,000 UAH.

According to the report, although the increase in the average pension in annual terms is insignificant, it exceeds the rate of inflation. This became possible thanks to the annual recalculation of pensions in March this year. The financial condition of the Pension Fund of Ukraine for the first three quarters of 2024 remains stable thanks to the growth of average wages in the economy and the payments to military personnel.

However, over nine months, the plan for own revenues from the unified social contribution (USC) was not met by 1.9%, which amounts to 6.8 billion UAH. This lag was formed in the first quarter, while in the second and third quarters the plan was overfulfilled. Compared to the same period last year, the revenues of the Pension Fund of Ukraine increased by 9.3%, which amounts to 53 billion UAH.


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