Salaries of working retirees are recalculated every two years. But the fact of continuing to work does not always affect the amount of pension.
Recalculation of payments to pensioners working in Ukraine is carried out no later than two years after the previous recalculation or appointment, taking into account the increased insurance period. writes about this Focus in his new article “Solid experience will not save: Why working pensioners in Ukraine receive little and how to change this.”
The most common grounds for recalculating all pensions in Ukraine are:
- get more salarytaken into account when granting old-age or disability pension for at least two years;
- gain additional work experience If a person retires with incomplete work experience and continues to work. If he has sufficient service time to qualify for full retirement, the recalculation can be done immediately. In general, recalculation of the pension taking into account the new length of service is allowed no more than once every two years;
- increase in cost of living. For non-working pensioners, recalculation is carried out automatically from the day the new minimum subsistence level is determined, and for working pensioners from the day of dismissal.
Important
as described Focus According to Andrey Shabelnikov, managing partner of EvrikaLaw JSC, the procedure for recalculating pensions for working pensioners is determined by Part 4 of Article 42 of the “Law on Compulsory State Pension Insurance” of Ukraine and the Resolution of the Pension Fund Board of Ukraine dated 2013. 18 May 2018 Issue 10-1.
“In the recalculation of pensions appointed before the entry into force of this Law, according to the documents in the pension file or at the choice of the pensioner, the salary (income) for which the pension was previously calculated is taken into account – the salary (income) for the period specified in the first paragraph of the first part of Article 40 of this Law. , that is, to calculate the pension, wages (income) for 60 consecutive calendar months of insurance service up to July 1, 2000 are taken into accountregardless of breaks and for the entire duration of insurance coverage from 1 July 2000. At the same time, wages (income) for calculating pensions are determined in accordance with the second part of Article 40 of this Law, using the average wage of workers employed in sectors of the Ukrainian economy for 2002,” he said.
Important
Salary or length of service: Which is more important when recalculating pensions?
The amount of pension increase after recalculation is individual. This depends on how much insurance coverage the person has and how much income they make.
“Recalculation of an already allocated pension is made from the wages on which the pension is calculated, but if the wages received reduce the wage coefficient on which the pension is calculated, then the indicator by which the person retires is applied. Because, The determining factor here is the amount of salary the retiree receives.“explained Focus Elena Voronkova, lawyer at Ivan Khomich Law Firm.
Continuing to work after receiving a pension affects the payment amount only if the official salary received exceeds the national average
According to him, the insurance period coefficient has little effect on the increase in the pension – for one year of work it “adds” about one hundredth of a percent.
“Thus, the performance of a person’s labor activity after the allocation of a pension will significantly affect the increase in the size of the latter only if during this period the person officially receives wages above the national average,” said Elena Voronkova.
Retirees with a solid work history can count on bonuses. Additional payment is paid to men with more than 35 years of insurance experience and women with more than 30 years of insurance experience. But in reality, the additional payment is insignificant.
“To calculate the additional payment, 1 percent of the pension is taken, and not the actual amount received by the pensioner, but the minimum amount in the year of retirement of such a person,” Voronkova said, adding that the real amount of such additional payments is also 40-50 percent of the payment sometimes It is UAH.
Important
Let us remind you that in Ukraine, you can retire according to age when you turn 60 for both men and women. In 2024, this requires having at least 31 years of work experience. The number of years of experience required is constantly increasing.
Moreover Focus He wrote that the majority of Ukrainians will not increase their pensions in November. The exception is retirees who will turn 70, 75 or 80 in October.
Source: Focus
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