Charitable pension: How much of the boss’s money will a retiree be paid?

Starting from 2023, personal charitable contributions can be paid to the Ukrainian Pension Fund. By the way, the PFU announced how much of the total amount of charitable donations a pensioner can count on.

Important

As stated by the state agency, Article 72-1 of the “Law on Compulsory State Pension Insurance” of Ukraine. 70% of the amount of charitable donations paid to a separate account of the Pension Fund of Ukraine is a source for payment of pensions, and 30% for the payment of the remaining pensions.

For example, if a philanthropist donates to one of his relatives 10 thousand hryvnia, Then the retiree will receive from this amount 7 thousand hryvnia.

What is the size of the charitable pension?

The charitable pension does not have a clearly defined amount; It all depends on the benefactor himself. Thanks to these revenues, the Pension Fund receives additional money, which it uses to finance the pension system. Therefore, the money received from philanthropists is donations.

What is the difference between voluntary contributions to the Pension Fund and charitable donations:

• By voluntary payment of insurance premiums, anyone can influence the crediting of the insurance period (for himself or another person) or the amount of his (or another person’s) future pension payment;
• Making a specific charitable donation in favor of a specific retiree (or impersonally) will increase the pension the retiree or retirees receive today.

All non-personal charitable donations and 30% of personalized charitable contributions are funds of the Ukrainian Pension Fund and are not subject to refund.

How will Ukrainians’ pensions increase in 2024?

Pension payments to Ukrainian citizens are planned to be recalculated three times.

• In January and July 2024 – those who receive a minimum pension, are over 65 years old and are fully insured (men – 35 years of experience, women – 30 years);
• In March 2024 – All those whose pensions must be indexed according to the plan, as well as those receiving minimum and maximum pensions, will receive an increase due to the increase in the cost of living of people who have lost the ability to work.

Important

Let us remind you that elderly Ukrainians who are over 65 years old but whose insurance experience does not reach the norm of 15 years will receive it. social servicesNot a pension.