As journalists noted, next year the Pension Fund budget will amount to UAH 322 billion. This amount will be enough for indexation, but there will be no sharp increase in payments.
Ukrainians will soon face a recalculation of pensions. Thanks to the new indexation method, pensions will be increased to 6,000 UAH. Prime Minister Denis Shmygal stated this.
As Obozrevatel noted, from June 2022 to June 2023, the average pension increased by 874 UAH. At this rate, the average pension at the end of 2023 will be only 5,496 UAH. And last year it will increase by 500 UAH.
“So, after the introduction of a new calculation method, the increase will be less noticeable than before the innovations,” the message says.
It is known that next year the Pension Fund budget will amount to UAH 322 billion. This amount is sufficient for indexing. However, there will be no sharp increase in pension payments.
It is promised that the salaries of everyone who retired at least three years ago will be increased.
Additionally, the cost of living will increase in the new year. Therefore it will increase:
- minimum pension;
- maximum pension;
- Those with more service time are paid.
Starting from January 2024, the minimum pension in Ukraine will be increased from 2093 to 2361 UAH. The maximum pension will be increased from 20,930 UAH to 23,610 UAH.
For the length of service exceeding the norm, they will pay extra 23.6 UAH instead of 20.9 UAH for each additional year.
Additionally, considering the forecasts, prices will increase by 52.2 percent in 2022, 2023 and 2024.
That is, in order for the increase in pensions to compensate for the increase in prices next year, the minimum payment must be 2944 UAH. Instead, retirees will receive only 2,361 UAH.
In other words, in order for the increase in pensions to compensate for the increase in prices in 2024, the minimum payment must be 2944 UAH. Instead, retirees will receive only 2,361 UAH.
let’s remember this Focus He wrote that in 2023, pension payments in Ukraine are indexed three times: in March, April and July. Thanks to this, the average pension increased by 728 hryvnia to 5,350 hryvnia in the nine months of this year.
Source: Focus
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