In Ukraine, pension increases for 2025 announced: coefficient named.

The Ministry of Social Policy of Ukraine presented the draft budget of the Pension Fund for 2025, which provides for a significant increase in pension payments.

According to the document posted on the official FPU website, pension and social benefits are planned to be indexed starting from March 1, 2025, using a coefficient of 1.10.

The explanatory note to the draft states: 'Consideration has been given to the recalculations of pensions/monthly insurance payments in connection with the indexation of pension and social benefits using a coefficient of 1.10, effective from 01.03.2025.'

The document provides for the allocation of 44.7 billion hryvnias for supplements determined by government resolutions on the indexation of pension payments and additional measures to improve the social protection of the most vulnerable segments of the population.

The total revenue of the Pension Fund for 2025 is planned to be at the level of 904.8 billion hryvnias, and taking into account the balance of funds at the beginning of the year, this amount will increase to 910.2 billion hryvnias. The calculations are based on the subsistence minimum for non-working individuals of 2361 hryvnias and the minimum wage of 8000 hryvnias.

Projected revenues from the unified social contribution are expected to be at the level of 589.9 billion hryvnias, including additional revenues from changes in the maximum base for the SSC calculation and the elimination of benefits for individual entrepreneurs. The total planned expenditures are at the level of 908.2 billion hryvnias.

'The draft budget of the PFU for 2025 is balanced in terms of income and expenditures for the mandatory state pension insurance and pension provision,' the official message of the agency emphasizes.