Ukrainians receive bonuses for their later retirement. However, if a person continues to work, the amount of additional payment for overtime depends not on the current cost of living, but on the previous year, said pension expert Sergei Korobkin.
Pensioners in Ukraine may receive smaller payments than expected. In particular, there may be many reasons for this. Broadcast expert Sergei Korobkin “In Retirement” talked about this topic in more detail on his YouTube channel.
Pensioner from the Kiev region Nina Ivanovna appealed to the broadcaster Sergei Korobkin, stating that pension payments in Ukraine are calculated incorrectly.
“I am 67 years old, I have doubts about the correctness of the pension calculation. Our pensions are calculated incorrectly, and in this way the amount of the pension is constantly changing. The pensioner wrote that in September and November 2023 the pension was paid in a lesser amount than calculated.
According to him, in November 433 hryvnias were withdrawn from him, in March of this year payments were increased by 114 hryvnias, and in April they were reduced by more than 600 hryvnias. Additionally, the woman continues to work as a seasonal operator. I work part-time in a boiler room in a hospital and in a school.
Korobkin noted that the woman had almost 45 years of experience, but her salary was low considering the periods from 2000 to 2016. As a result, the total amount of pension is small.
Supplementary payment for later retirement
The expert noted that the woman was given a bonus for retiring later. In particular, since October 2011, Ukrainian women began to raise the retirement age, as a result of which they retire later and receive compensation in the amount of 2.5% of the basic pension for every six months thereafter.
“According to the new rules, Nina Ivanovna had to retire not at 55, but at 56 in 2013 instead of 2012. In return, the state established a lifetime pension supplement in the amount of 5% of the basic pension,” Sergei Korobkin said.
He noted that the basic amount of old-age pension for him is 3,222 hryvnia, while his subsequent retirement compensation is 161 hryvnia.
Bonus for excess service time
The woman has 14 years of experience working overtime, so the additional payment for overtime is 14% of the previous year’s cost of living – 2093 hryvnia. This is because the retiree continues to work, while the current subsistence minimum is applied only after dismissal.
Why might a woman’s pension be reduced?
Korobkin noted that one of the reasons for the reduction in pensions could be that women work in seasonal jobs. In particular, there may be confusion about the amount of additional payments for overtime. According to him, it is important to inform the PFU about dismissals and hiring in a timely manner.
“If the Pension Fund detects that a person has started working and has not reported it, an overpayment may occur over a certain period of time, which can then be automatically deducted from the pension,” he added.
Let us remind you that as of the beginning of 2024, judges’ pensions have been increased by more than 4 thousand hryvnia. As a result, their average payout amounts to UAH 103,874.
Previously, the PFU said that pensioners can count on an age-related increase in payments. This is especially true for Ukrainians over 70 years old.
Source: Focus
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