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.