Future pensions - will low incomes during the war have an impact.
According to law 2506-IX, Ukrainian citizens have the opportunity to disregard months with minimal incomes when determining the pension amount during the state of war. This will allow for higher payments despite a low level of earnings.
Amendments to the law stipulate that periods of low income occurring during the war will not be considered when determining the pension amount. This is intended to support citizens during the conflict, when many people are left unemployed or earn less due to military events.
Other ways to affect the amount of pension payments
In addition, there are other mechanisms that can adjust the amount of future pension payments:
- the right to exclude from the calculation of salary periods up to 60 months of service consecutively with the lowest incomes;
- accounting of income received before 2000, if a citizen had high incomes before this time.
It is also worth noting that some professions in Ukraine provide for a maximum pension payment depending on the level of the minimum living wage for the current year. The Pension Fund of Ukraine clarified who can benefit from this and what changes are being introduced while the war continues.
Additionally, individuals with disabilities who were affected by the Chernobyl disaster may be entitled to a minimum pension ranging from 60% to 100% of the average salary.
During the war, Ukrainian citizens can disregard months with minimal incomes when determining the pension amount. This allows for larger payments to those who find themselves in a difficult financial situation due to military events. In addition to this, the exclusion of periods with the lowest incomes and other mechanisms may affect the amount of future pension payments.Read also
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