Insurance experience requirements will increase through 2028. PFU said a person can retire at the age of 60 if they have at least 35 years of insurance experience.
In 2024, citizens will be able to retire according to age according to different rules, especially the conditions regarding the insurance period have changed. This was reported by the Pension Fund of Ukraine.
“In 2024, insurance experience requirements will change in Ukraine, which will allow citizens to retire by age,” the message says.
Retirement age and the right to receive an old-age pension are determined according to the insurance experience acquired by the person in accordance with Article 26 of the Law of Ukraine “Compulsory State Pension Insurance”. Thus, a Ukrainian can retire at the age of 60, 63 and 65.
How much experience do you need to retire in 2024?
After turning 60, people who have been insured for at least 31 years can retire with an old-age pension. However, if the person does not have this much seniority, he/she will be able to receive a pension at the age of 63, provided that the insurance period is from 21 to 30 years. If a person does not have such experience, such a pension is appointed only after reaching the age of 65 and having 15 to 20 years of experience.
In addition, the insurance experience requirement will increase until 2028, after which the person will need to have at least 35 years of insurance experience in order to retire at the age of 60.
Let us also remind you that retirees who are over the age of 65 but whose insurance period is less than 15 years cannot receive a pension. They will be able to benefit from state social aid.
It was previously reported that the pension amount will increase in 2024. In particular, the maximum increased to 23,610 hryvnia and the minimum to 2,361 hryvnia.
Source: Focus
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