Ukrainians have been deprived of 'labor pensions': what replaced the payments to retirees.

The Government of Ukraine has carried out pension system reform, which has led to the abolition of 'labor pensions'. Now, pensions are not assigned based on work experience and are not categorized. Instead, they are divided into three main types: old-age pensions, disability pensions, and survivor pensions. The amount of the pension depends on the paid insurance contributions throughout the years of work.

Now, Ukrainian citizens need to regularly and fully pay insurance contributions to ensure their future pension. These changes in pension legislation are in line with international standards and make the system fairer and more transparent.

The President of Ukraine, Volodymyr Zelensky, announced an increase in pensions according to indexing, starting in early March. However, the amount of the increase will vary for each retiree depending on their salary over the last three years and the level of inflation.