Pension at 63: what you need to know about applying timings for payments.

The Pension Fund of Ukraine explained when a pension is granted based on age. According to 'Khvilya', the response was published on the PFU's website.

A Ukrainian citizen inquired when exactly the pension is appointed. He applied for it after reaching the age of 63 and noted that he had accumulated a sufficient amount of service to retire at this age.

The Pension Fund explained that the right to an age-based pension is available to men and women who have reached the ages of 60, 63, or 65. The age limit for pensions is set according to the insurance record, in accordance with the Law of Ukraine "On Mandatory State Pension Insurance".

In 2024, people who turn 63 and have at least 21 years of insured service will be able to retire based on age. Generally, the pension is appointed from the day of application for it. If the application is made no later than three months from the day of reaching pension age (including the age of 63), the age-based pension is granted from the day following the achievement of pension age.

Recall, an expert previously criticized the government's plans to implement funded pensions.