Despite the war, the Ukrainian government will not abandon the idea of indexing pensions in March. Therefore, according to preliminary calculations, the average pension of some Ukrainians will increase by 5%.
In March 2023, apparently, pensions in Ukraine, of which 40 billion hryvnia are allocated, will be indexed. Irina Kovpashko, Deputy Chairman of the Board of Directors of the Pension Fund of Ukraine (PFU), spoke about this in the telethon broadcast.
According to him, there are two formats for recalculating pensions:
- individual:
- stack.
The first is associated with a specific person, so the recalculation is made after the corresponding request of the citizen.
“For example, a person continued to work, received service for a certain period of time or became an honorary donor, received an appropriate certificate. Then he will receive an allowance. Or a citizen has a state award and has the right to a pension. Such recalculations were also made in previous years and is scheduled for 2023.”
But the mass recalculation of pensions does not require prior application from citizens. This recalculation is done annually – on the same date and according to the same rules.
Who will receive a pension increase in March?
The increase will affect the most vulnerable categories of paid Ukrainians:
- by disability;
- by age;
- by seniority:
- on the loss of a livelihood.
The amount of minimum insurance payments will also be recalculated. This applies to:
- Disabled Chernobyl
- Liquidators of the accident at the Chernobyl nuclear power plant.
The amount of payment for this category of citizens depends on the average salary for 2022. The average salary indicator for which insurance premiums were paid at the end of last year 13 387 UAH 48 kop.
Which of the Ukrainians pensions will not be recalculated
As noted by Irina Kovpashko, it is necessary for scientists, military personnel, officers, etc. Indexing of paid private pensions will be carried out after the abolition of martial law in Ukraine.
“The government has taken a decision on this, but it will come into effect from the month after martial law ends. So we expect martial law to end and pensions to be indexed from the first day of next month.” said Kovpashko.
Earlier, Focus wrote that citizens in Ukraine suspected of committing crimes against national security offered to receive pensions.
Focus also talked about how Ukrainians can increase their salaries before retiring and increase their future pensions.
Source: Focus
John Holton is a seasoned author and journalist, known for his expertise in economics. He currently works as a writer at 24 news breaker, where he provides readers with in-depth analysis and commentary on the latest economic developments. With a background in finance and a talent for explaining complex economic concepts in a clear and accessible way, John’s writing is a must-read for anyone interested in staying informed about the economy.