Retirement: What Work Experience is Required in 2025.

The press service of the Pension Fund of Ukraine has reported that to be eligible for retirement pension in 2025, Ukrainians need to have certain insurance experience.

The Law of Ukraine 'On Compulsory State Pension Insurance' defines the duration of insurance experience required to receive a retirement pension in 2025.

The retirement age may be 60, 63, or 65 years, depending on the duration of insurance experience and the time during which a person worked and paid insurance contributions. The decision on pension appointment is made when a person reaches retirement age.

According to the law, the required duration of insurance experience for retirement pension in 2025 is:

• for those who have reached 60 years – at least 32 years;
• for those who have reached 63 years – at least 22 years;
• for those who have reached 65 years – at least 15 years.

Depending on the age at which a person reaches retirement age in 2024, different experience is required to receive a pension in 2025:

• for those turning 60 years – at least 31 years of experience;
• for those turning 63 years – at least 21 years of experience;
• for those turning 65 years – at least 15 years of experience.

If at the time of applying for a pension a person lacks the necessary experience, they can continue working and gain the right to a pension after acquiring the required experience.

It was previously reported that an accumulative pension system will be implemented in Ukraine by 2025.