In Ukraine, the rules for calculating pension contributions have changed: how this will affect payments.

The government has defined new rules for accounting service time towards pensions

The government of Ukraine has adopted updated rules for accounting work experience acquired during the Soviet period on the territory of former Soviet republics until January 1, 1992. This new decision is significant for Ukrainians who worked outside of modern Ukraine before the collapse of the Soviet Union.

According to a government representative in the Verkhovna Rada, Taras Melnychuk, the Cabinet of Ministers has approved two key documents regulating this issue.

The first document establishes the procedure for confirming the absence of pension payments from other states to check if a person is receiving a pension in another country for the same period of employment. The second document defines the procedure for confirming and accounting Soviet experience towards insurance experience in Ukraine.

Analysis

The new rules for accounting service time towards pensions will help Ukrainians receive the pension they deserve considering their work experience gained outside of Ukraine. This is an important step for citizens' social security and ensuring their rights in the field of pension provision.