Pension Increase in Ukraine: Who Receives More and Why.

According to the Pension Fund of Ukraine, retirees who continue to work receive larger pension payments compared to non-working retirees.

The average pension amount in Ukraine is 5851.25 hryvnias.

Working retirees receive an average of 6257.05 hryvnias.

Since the beginning of the year, pensions for employed retirees have increased by 10.5% (596.92 hryvnias), whereas for non-working ones, only by 8.7% (466.61 hryvnias).

Structure of pension payments:

• Old-age pensions are received by 72.84% of retirees

• Disability pensions — 15.08%

• In case of loss of the breadwinner — 6.35%

• Long service pensions — 5.15%

• Social pensions — 0.54%

• Lifelong maintenance of judges — 0.04%

To receive an old-age pension, one must have the appropriate insurance record, and the retirement age can be 60, 63, or 65 years.

The Pension Fund reminds retirees of their obligation to report any change in employment status within 10 days. Failure to comply with this requirement may lead to the need to return unlawfully obtained funds.

After ending their career, retirees are entitled to additional allowances and pension recalculations depending on the increase in the cost of living.

Let's recall that the PFU previously reported important data on the October pensions.