PFU named the main factor for increasing pension payments in 2024.
In the first nine months of 2024, Ukraine legalized over 57 thousand jobs, resulting in an additional 97 million hryvnias to the Pension Fund of Ukraine. This was reported in the PFU report published on December 23.
According to the report, the legalization of labor relations not only secures pension rights for employees who pay contributions but also directly affects current pension payments.
Pension Fund experts emphasize that future pensions directly depend on the size of the monthly contributions made by the employee from their salary.
PFU specialists also underline that the duration of official employment and the amount of contributions are key factors affecting pension provision after reaching retirement age.
Thus, official employment remains the main factor in increasing pension payments in Ukraine.
New pension formula
It is important to mention the new pension formula, which will affect the amount of pension payments for 10 million Ukrainians.
Read also
- China's Trade Leverage Over Russia Surges from 10% to 40% as Putin Becomes the Dependent Partner
- Russian Insurers Stunned as Drone Attack Reinsurance Loss Ratio Hits 2,800%
- Russian Oil Exports Paralyzed by Refinery Strikes: 135 Million Barrels Stranded on Tankers
- Ukraine Overhauls University Admissions: New Workforce Forecasts Guide Education Policy Through 2036
- Russia Aims to Generate 300 Billion Rubles from Fines in 2026 as Budget Strategy
- India’s Refined Russian Oil Flows Back to Moscow as Fuel Shortage Forces Gasoline Imports from Asia
