PFU denies pensions to 60-year-old Ukrainians: what is this related to.

The Pension Fund of Ukraine does not provide pensions to 60-year-old Ukrainians, forcing them to continue working. This is reported by analysts of the Organization for Economic Cooperation and Development (OECD), which includes 37 countries.

In Ukraine, the number of cases is increasing when people who have reached the age of 60 are denied pensions. This forces citizens to continue working and delay retirement until 63 or 65 years old.

Statistics show that about 14% of Ukrainians of retirement age cannot immediately receive a pension due to insufficient work experience. Therefore, they have to work a few more years until they reach the age of 63 or 65, when the requirements for insurance experience become less strict.

According to analysts, from 2019 to 2023, there has been a significant reduction in the number of citizens who managed to retire before reaching 60 years old. If in 2019 it was 25%, by 2023 their share decreased to 11%. At the same time, the number of citizens who received a pension after 60 years increased from 0.5% to 14%. These changes are caused by the increase in insurance requirements.

In general, the number of citizens who will not receive a pension immediately after reaching retirement age will increase over time.

For some Ukrainians, pensions will be replaced with social benefits.