Citizens who apply for payment a month before reaching retirement age risk losing part of the cash benefit.
During the registration of a pension, Ukrainians can lose part of the payment from the state. This turned out to be affected by pension filing deadlines, the Ukraine Pension Fund (PFU) reported.
Why might the amount of pensions decrease?
It is noted that if the application is made within three months at the latest after reaching the retirement age, the age pension is allocated from the day following the day when the retirement age is reached. In this case, the day on which an application is made for the appointment of a pension is considered the day on which the body granting the pension accepts the relevant application.
If the application for the assignment of a pension was made through the service portal of the Pension Fund, the day of the application for the assignment of a pension is the date of registration on the web portal of the application with scanned copies of the documents. You can apply for a pension at any time, but not earlier than a month before you reach retirement age.
The size of the old-age pension for citizens of Ukraine is calculated on the basis of the average salary for the three calendar years preceding the year of filing the pension application. So, if the appeal was made in December, and the pension was issued from January, then the average salary for calculating the amount of pension 2019-2021 year.
But if the application was made in January 2023, they will take into account the already higher average salary for its calculation. 2020-2022 year.
Therefore, before applying for a pension, it is imperative not to forget about all the nuances described above. It is also better not to delay applying for registration of pension payments: this must be done within three months from the date of the 60th anniversary. If you do not have time to apply for this period, the pension will be assigned later.
To remember Focus I have already told you how Ukrainians can increase their salary and increase their future pension before retirement.
Meanwhile, the Ukrainian government plans to start the process of introducing mandatory retirement savings for all Ukrainians in 2023. According to Prime Minister Denys Shmyhal, thanks to the reform, all working Ukrainians will receive their own retirement savings account. They will be filled from three sources:
- employers’ contribution;
- the state’s contribution to equality with the employer;
- voluntary contributions of citizens.
Source: Focus
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